EnGlobal trade volumes jumped 5.9% on a year earlier in March, Panjiva analysis of CPB World Monitor data shows. That was the fastest rate of growth since April 2011 and the fifth straight month of expansion. All the major regions saw an increase in exports, with Central/East Europe leading with 12.2% growth, which is likely due to higher energy prices. That probably also helped Latin America, which saw a 7.5% expansion in March and may expand further given Brazil’s 15% growth in April, as outlined in Panjiva research of May 3.
Asia generally outstripped Europe and the Americas. Emerging Asian economies expanded by 11.7%, with trade across the region – including China’s 8% growth in April, South Korea’s 24% and a 9% increase in both Taiwan and Thailand – set to continue. U.S. exports also likely increased in April, though at a slower rate than imports.
Source: Panjiva
