WTO: Global trade in goods rebounded in the third quarter
Xinhua News Agency, Geneva, December 18 (Reporter Ling Xin) The World Trade Organization released data on the 18th showing that due to the relaxation of “blockade” measures in North America, Europe and other regions, major economies have widely adopted fiscal and monetary policies to support the economy, and global trade in goods It rebounded in the third quarter, increasing by 11.6% from the previous quarter, but it was still down by 5.6% from the same period last year.According to data released by the World Trade Organization on the 18th, due to the relaxation of the “blockade” measures in North America, Europe and other regions, major economies have widely adopted fiscal and monetary policies to support the economy. The global trade in goods rebounded in the third quarter, increasing by 11.6% from the previous month, but still This is down 5.6% from the same period last year.
From the perspective of export performance, the recovery momentum of the more industrialized regions is strong, while the recovery of the regions with natural resources as the main export product is relatively slow. In the third quarter of this year, the export volume of goods trade in North America, Europe and Asia increased by a relatively large month-on-month, all achieving double-digit growth. From the perspective of import data, the import volume of North America and Europe’s goods trade rebounded sharply compared with the second quarter, but the import volume of all regions of the world fell compared with the same period last year.
Data shows that in the first three quarters of this year, global trade in goods fell by 8.2% year-on-year. The WTO said that the recent rebound of the new crown epidemic in some regions may have an impact on trade in goods in the fourth quarter, further affecting the performance of the whole year. Preliminary data show that the growth rate of global trade in goods in October has slowed down from September.
In October, the WTO predicted that global trade in goods will shrink by 9.2% this year and grow by 7.2% next year, but the scale of trade will be much lower than before the epidemic.