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 Staff
September 03, 2010 - LM Editorial

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!

Recent Entries

With a 1.1 cent drop to $3.858 per gallon, this follows declines of 2.5 cents, 1.9 cents, and 0.7 cents over the previous three weeks, with the cumulative four-week decline at 6.2 cents.

Second quarter revenue for transportation and logistics titan UPS headed up 5.6 percent annually at $14.3 billion, while operating profit sank 57.1 percent to $747 million. Quarterly net income fell 57.6 percent to $454 million.

Panjiva, an online search engine with detailed information on global suppliers and manufacturers, recently said it is opening up the “vault,” so to speak. The vault in this case is making its copious amount of trade data accessible through an Application Programming Interface (API), which enables customers to extract Panjiva’s trade data into their own database.

Freight transportation and logistics services provider Averitt Express recently announced it has rolled out improved transit times for less-than-truckload (LTL) service from the Midwest to Toronto and other cities.

Data issued by the National Retail Federation lowered its 2014 retail sales forecast, due to a slow first six months of the year (and largely negatively influenced by the terrible winter weather), but noted that retail sales are expected to be strong over the next five months to finish the year.

Article Topics

News · Air Freight · Freight · Global Trade · Trade · Exports · Imports · All topics

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. Contact Patrick Burnson

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA