WTO reports surge in global trade

As reported in LM, both the ocean and air freight sectors have benefitted of late by this resurgence in global trade

By ·

The value of world merchandise trade rose around 25 percent in the first six months of 2010 up strongly from the same period of 2009. This surge in trade growth marks a continuation of the trend begun in the first quarter of the year, according to WTO figures released yesterday.

“World merchandise exports increased by about 7 percent in the second quarter of 2010, in comparison with the first quarter,” noted WTO spokesmen. “Within that period, available monthly statistics for about 70 economies representing about 90 percent of world trade show that merchandise trade declined in April and May 2010, then rose again in June.”

As reported in LM, both the ocean and air freight sectors have benefitted of late by this resurgence in global trade.

Asian exports and imports both rose by more than 35 percent in the second quarter of 2010, as compared to the corresponding period of 2009. Exports from Africa and the Middle East were 35 percent higher than in the corresponding period of 2009, fuelled by demand in Asia and the U.S., and higher commodity prices.?

The Commonwealth of Independent States (former members of the Soviet Union) posted a buoyant 44 percent export growth. Similarly, extra-EU trade (external trade between the EU and the rest of the world) was more dynamic than trade within the EU.


Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

Air Freight · Exports · Freight · Global Trade · Imports · Trade · All Topics
Latest Whitepaper
Reduce Order Processing Costs by 80%
Sales order automation software will seamlessly transform inbound emailed and printed purchase orders into electronic sales orders that can be automatically processed into your ERP system with 100% accuracy.
Download Today!
From the June 2016 Issue
In the wildly unstable ocean cargo carrier arena, three major consortia are fighting for market share, with some players simply hanging on for survival. Meanwhile, shippers may expect deployment shifts as a consequence of the Panama Canal expansion.
WMS Update: What do we need to run a WMS?
Supply Chain Software Convergence: Synchronization Realized
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Optimizing Global Transportation: How NVOCCs Can Use Technology to Operate More Profitably
Global transportation isn't getting any easier to manage, especially for non-vessel operating common carriers (NVOCCs). Faced with uncertainties like surcharges—but needing to remain competitive when bidding against other providers—NVOCCs need the right mix of historical data, data intelligence, and technology support to make quick and effective decisions. During this webcast you'll learn how Bolloré Transport & Logistics was able to streamline its global logistics and automate contract management.
Register Today!
EDITORS' PICKS
Top 50 U.S. and Global 3PLs 2016: Technology Now the Key Differentiator
Following last year’s merger and acquisition frenzy, the speed of technology implementation by the...
Digital Reality Check
Just how close are we to the ideal digital supply network? Not as close as we might like to think....

Top 25 ports: West Coast continues to dominate
The Panama Canal expansion is set for late June and may soon be attracting more inbound vessel calls...
Port of Oakland launches smart phone apps for harbor truckers
Innovation uses Bluetooth, GPS to measure how long drivers wait for cargo