in 2009 in the midst of the GFC. Trade volume rose steeply in 2010 partly due to the base effect, but growth has stagnated since 2011. For 2001–2015, average annual export and import volume growth was 4.4% and 5% respectively, while growth was 2.4% and 2.1%, respectively for the period 2012–2015 (Figure 1).