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Figure 1: Oil Prices and Global Trade
Figure 1 depicts the price index of oil (1983=100) with the piece index of traded manufactured goods (1983=100) from 1983 to 2009.
From its base of 100.0 in 1983 the oil price index declined to a low of 47.0 in 1998, then rose to 98.7 in 2000, 185.0 in 2005, 236.2 in 2007 and 325.3 in 2008 before falling back to 202.5 in 2009. From its base of 100.0 in 1983 the traded manufactured goods price index gradually rose to 221.7 in 1990, 343.3 in 19995, 444.7 in 2000, 693.4 in 2005 and 985.2 in 2008 before falling back to 783.8 in 2009.
Data: WTO and U.S. Department of Energy.
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