The Changes in World Trade: The Analysis On The Basis of Subsectors of Manufacture and Services

The international economic relations have changed within the context of world trade in recent decades. This change have been observed by examining the rank of leading exporter countries in manufacture and commercial services trade and their sub sectors. The shifts have showed that the effects in manufacture sector have been more significant than services. While the attack of emerging economies like China, India and Republic of Korea have been observed in mostly manufacture sector, the share and the rank of leading countries in services have not been changed much. This situation has reemphasized that there is a shift in production in manufacture sector towards emerging economies so developed countries have headed for services sector.