Asia Global Institute

The Regional Comprehensive Economic Partnership Trade Tracker

Why RCEP Trade Tracker

The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement among 15 Asia-Pacific countries, creating the world's largest trading bloc, accounting for about 30% of global GDP trade. Recognizing the significance and the potential of this trade agreement holds, the Asia Global Institute (AGI) is proud to launch the RCEP Trade Tracker. The tracker provides interactive data visualizations, sector-wise distribution, and trade statistics, enabling users to gain deeper insights into RCEP's trade dynamics. The tracker aims to enhance understanding and inform decision-making for policymakers, investors, and businesses; and to foster strategic planning within the RCEP region. The data will be quarterly updated on the AGI website.

Methodology

The RCEP Trade Tracker provides a comprehensive overview of RCEP trade, encompassing import and export data of RCEP countries from 2020, prior to the formal signing of RCEP, up to the latest quarter. This platform presents the data through various interactive features such as trade maps, highlighting the top-ranked trade goods and partners based on their value. Additionally, it utilizes tree maps to visualize trade sectors and partners, along with time series graphs depicting the trade value over time.

Graph filters:

•    Directions: Users can filter the direction of trade to view import or export data.

•    Country: Users can filter by country of origin.

•    Year: Users can choose specific years to view, or to select multiple years for the sum of trade values across all chosen years.

•    Quarter: Users can choose specific quarters to view, and to select multiple quarters for the sum of trade values across all chosen quarters.

•    Partners: This filter is applicable only to the Time Series Graph. By filtering partners, users can view the trade value across time between the country of origin and the different RCEP countries.

Data Sources

The RCEP Trade Tracker primarily sources its data from the International Trade Centre (ITC), with a few exceptions. Mirror data computed in a backward manner are used for certain countries, including Brunei, Cambodia, Laos, Myanmar, New Zealand, The Philippines, and Vietnam, due to unavailable data sources. Additionally, the most recent trade data by partner for Brunei (available until 2023 Q1), Laos (available until 2021 Q4), and The Philippines (available until 2022 Q4) are currently unavailable. Lastly, quarterly trade data by sector (HS2*) for Vietnam and Myanmar are not available.

*HS2: Harmonized System classification at the 2-digit level used for broadly categorizing traded products in international trade data.

Project Team

Professor Heiwai Tang, Director, Asia Global Institute
Ms Yang Chen, Research Assistant, Asia Global Institute
Ms Jiaqi Wang, Research Assistant, Asia Global Institute

For feedback or collaboration, please contact us at agimail@hku.hk

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