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

Coronavirus response: over €1 billion from EU Cohesion policy to support Spain’s recovery

The hidden pandemic: mental illness

JADE Team at the European Business Summit 2017

Populist Eurosceptics helped by Trumpists seriously threaten the EU edifice

A Sting Exclusive: “Entrepreneurship in the Coronavirus (COVID-19) era” written by the Vice-President of Junior Enterprises Europe

‘Endemic’ sexual violence surging in South Sudan: UN human rights office

Eurozone governed by an obscure body and gray procedures

Climate changes and the imminent public health crises

Eurozone recession subsides

More funds needed to counter ‘persistent and multi-faceted humanitarian problems’ in Ethiopia

Cohesion Policy after 2020: preparing the future of EU investments in health

On their epic journeys, migratory birds connect nations and inspire people, UN says on World Day

Rapid action needed for people to meet challenges of changing world of work

Libya ‘in race against time’, but dissolving conflict ‘a realistic prospect’, Security Council hears

Why India can show us how to achieve growth with purpose

Opening – February plenary session, 27 new seats

Telemedicine and the Brazilian reality

This is what great leadership looks like in the digital age

UNESCO food and culture forum dishes up fresh serving of SDGs

‘True’ peace, requires standing up for human rights, says UN chief Guterres

Iran: UN rights chief ‘deeply disturbed’ by continuing executions of juvenile offenders

WhatsApp to face scrutiny from EU regulators task force over data sharing with Facebook

Tuesday’s Daily Brief: funding for Palestine refugees, families today, tech surveillance

UN and African Union in ‘common battle’ for development and climate change financing

China is adding a London-sized electric bus fleet every five weeks

UN investigates systematic sexual violence across South Sudan

They won this year’s Nobel for economics. Here’s why their work matters

Living to 100: why we should plan for more sushi, chocolate and work

COP22 addresses a strong global pledge to effectively implement the Paris Agreement

Restore hope that peace will come to the Middle East, UN negotiator urges Security Council

Seaweed straws and loose-leaf tea: 6 ways to reduce plastic waste

South Sudan ‘heading towards lasting peace and stability’, UN General Assembly told

3 ways activists are being targeted by cyberattacks

Facts and prejudices about work

How global tech companies can champion ethical AI

Universal Health Coverage in the EU: Are we really leaving no one behind?

Easier Schengen Visas for non-EU holiday makers: A crucial issue for south Eurozone countries

Yemen agreement to end southern power struggle ‘important step’ towards peace: UN Special Envoy

System value can power the energy transition in emerging markets

Future of Insurance Claims in Focus at Fourth Annual Connected Claims Europe Summit

The multidisciplinary team facing the multidrug resistant form of Tuberculosis in the state of Amazonas (Brazil)

Ukraine pays the price for lying between Russia and the EU

UN experts urge Turkey to repatriate Irish woman associated with terror group

We won’t win the online security war without people power

Across the world, women outlive men. This is why

A ‘system value’ approach can accelerate the energy transition. Here’s how

How tiny countries top social and economic league tables (and win at football, too)

Geopolitics and investment in emerging markets after COVID-19

The blackened white coat of the doctors

COP21 Breaking News: “There is an ecological debt that the world needs to pay back to Africa”, French President Francois Hollande promises 2 Billion euros by 2020 from Paris

Conference on Future of Europe should start “as soon as possible in autumn 2020”

Roma integration: fight social exclusion, poverty and anti-gypsyism, MEPs demand

Car rentals: EU action leads to clearer and more transparent pricing

Paradise islands of Pacific increasingly vulnerable to climate change, as UN boosts resilience

Key quotes from China’s Premier Li on COVID-19, the economy and US relations

Right2Water initiative: Is the Commission ready to listen to citizens?

Coronavirus: Commission Statement on consulting Member States on proposal to prolong and adjust State aid Temporary Framework

3 ways to stop COVID-19 from drying up start-up talent pools

UN launches ‘South-South Galaxy’ knowledge-sharing platform in Buenos Aires

Investors have a role in securing our shared digital future

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