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International Futures Help System


The trade algorithm of IFs relies on a pooled rather than bilateral trade approach. That is, it does not track exactly who trades with whom, maintaining instead information on gross exports and imports by sector and in total. The algorithm sums import demand and export capacity across all traders (in a given sector), defines world trade as the average of those two values, and then normalizes demand and capacity to the total of world trade to determine sectoral exports and imports by geographic unit.


World trade as a percentage of GDP (WTRADE) is also computed from the trade variables shown above.