International trade statistics: trends in first quarter 2019

oecd stats

(Credit: OECD)

This article is brought to you in association with OECD.


Growth in G20 international merchandise trade, seasonally adjusted and expressed in current US dollars, remained weak in the first quarter of 2019. G20 exports rose marginally by 0.4% quarter‑on‑quarter while imports fell by 1.2%. Compared to the third quarter of 2018, when the first round of new tariff measures affecting US-China trade came into effect, G20 exports are down by 0.8% and imports by 2.7%.

Imports contracted in the United States (by minus 1.9%) in the first quarter of 2019, with US imports from China falling by 12% (according to preliminary data), the largest fall on record. Imports also continued to contract in China (by minus 0.5%, following the previous quarter’s contraction of minus 6.0%).  Although exports were up 3.9% in China and 0.7% in the United States, they remain below recent highs.

Through closely integrated supply chains, international trade in other Asian economies has also been impacted by rising US-China trade tensions, as have exchange rates with the US dollar, with exports and imports contracting significantly in Indonesia (minus 4.3% and minus 15.3% respectively), Japan (minus 2.3% and minus 4.7%) and Korea (minus 7.1% and minus 7.7%). Non‑G20 economies in the region also experienced significant falls in trade.

In other G20 economies, only the United Kingdom recorded strong growth in exports (6.2%) and imports (5.0%) in part reflecting firm’s stockpiling and increasing international trade activity due to Brexit uncertainty.

In the remaining G20 economies, exports grew moderately in Australia (1.1%), Mexico (1.1%), the EU 28 (1.0%), Germany (0.9%), India (0.8%) and France (0.7%) and imports grew strongly in Turkey (5.3%) and Russia (3.5%)..

G20 international merchandise trade growth remains weak in first quarter 2019‌‌

‌‌‌

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Back to the future: flying cars are becoming a reality

5 things to know about how coronavirus has hit global energy

Researchers have invented a brick that can build itself

Cédric in India

Hackers can use public USB chargers to steal personal data. Here’s what you need to know about ‘juice jacking’

Code of Practice against disinformation: Commission calls on signatories to intensify their efforts

Why private investment in deforestation-free commodity production needs to be scaled up

Inclusion, empowerment and equality, must be ‘at the heart of our efforts’ to ensure sustainable development, says UN chief

New EU-UK agreement is welcome but thorough scrutiny remains, insist lead MEPs

Google strongly rejects EU antitrust charges and now gets ready for the worst to come

Delay is over: Work begins to shine spotlight on where companies pay their taxes

EU-Japan relations: Foreign Affairs MEPs back Strategic Partnership Agreement

Affordable, accessible and safe medicines for all: the Commission presents a Pharmaceutical Strategy for Europe

Member states jeopardising the rule of law will risk losing EU funds

Does the West reserve the fate of Libya and Syria for others? How does this relate to the EU’s Neighborhood Policy?

NEC @ European Business Summit 2014: The Digitally Enabled Grid

Alarming level of reprisals against activists, human rights defenders, and victims – new UN report

Brexit: Only Corbyn and May in concert can make the needed compromises

Economic Outlook: Weak trade and investment threaten long-term growth

Plastic Oceans: MEPs back EU ban on polluting throwaway plastics by 2021

COVID made many of us avoid public transport – what will it take to get us back on the bus?

What does leadership mean in an age of perpetual change?

European creativity and digital economy are drowning in a copyright swamp

Taxation: Commission refers Poland to Court for failing to remove certain tax exemptions on the use of energy products by highly polluting businesses

UN genocide adviser welcomes historic conviction of former Khmer Rouge leaders

COVID-19: Single market must emerge stronger from the crisis, say MEPs

Global warming: our responsibility

Negotiations on Investment Facilitation at the WTO gain support at Davos

Available mental health services: is it only about professionals or institutions?

Microsoft says the internet is getting a little nicer

WHO launches COVID-19 health alert service with Facebook and WhatsApp – Updates from Friday’s WHO briefing

Virus Coronavirus: No time to die

Japan’s agro-food sector would benefit greatly from policies to boost innovation, entrepreneurship and sustainable resource use

South-South Cooperation ‘accelerates’ us toward 2030 goals, UN Chief says on International Day

UN chief condemns killing of ‘blue helmets’ in DR Congo, as violence erupts prior to elections

Are ECB’s €500 billion enough to revive Eurozone? Will the banks pass it to the real economy?

South Korea: A cherished partner for the EU

Coronavirus: truth and myth on personal risk perception

Distributed ownership: what it means and how it could transform India

Letter to The European Sting from Italy

The impact of mobile and rapid digital adoption on how India consumes

A Sting Exclusive, the European Commissioner for Energy Günther Oettinger writes for the Sting on “EU Industry: a major energizer”

More than half of EU consumers have environmental impact in mind when shopping, new survey reveals

Societies must unite against ‘global crisis of antisemitic hatred’, Guterres urges

Is this the way to finally beat corruption?

A Sting Exclusive: “Paris and beyond: EU action and what COP21 should deliver”, Green MEP Keith Taylor discusses from Brussels 

David Attenborough: The planet can’t cope with overpopulation

This is what the world’s CEOs really think of AI

No tears for Cyprus in Brussels and Moscow

How bad is the Eurozone economy? The ECB thinks too bad

Change is happening – and young people are leading the way forward

Employment and Social Developments in Europe: 2018 review confirms positive trends but highlights challenges, in particular linked to automation and digitalisation

Burned in the Amazonian forest: Your health may be in danger

What the world will look like after the Iran and 5+1 deal; the US emerges as major power broker in Middle East

UN launches new project to address link between terrorism, arms and crime

Eurozone closer to a deflation – stagnation trap

How young people can help respond to the coronavirus outbreak

A Sting Exclusive: “Delivering on the Environmental Dimension of the new Sustainable Development Agenda”, Ulf Björnholm underscores from UNEP Brussels

Superconductors: the miracle materials powering an energy revolution

How 3 MENA business leaders are building resilient companies post-COVID-19

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s