World Goods Trade Up Sharply

Exports were up 26%, imports increased 25%

The value of world merchandise trade rose by just over 25% in the second quarter, maintaining the momentum from the first three months of the year, World Trade Organization data showed on September 1.

Exports were up 26% compared to the second quarter in 2009 while imports were up 25%.

Emerging giants continued to lead growth, with China posting a 41% gain in exports by value while imports jumped 44% compared to the second quarter last year.

India's exports and imports were up about a third, while Brazil imported 56% more and exported 29% more.

Exports from the United States also grew, while those from Europe were up 13%.

The data also indicated that commodities were dearer during the period, with metal prices up over 45% and crude oil and energy prices up by just over 30%.

Copyright Agence France-Presse, 2010

TAGS: Trade
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