Global trade rebound may not be as good as it seems — Panjiva
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Global trade rebound may not be as good as it seems

China 3006 European Union 849 Japan 618 Mexico 900 Trade Balance 933 United Kingdom 378

The global trade recovery accelerated in March with growth of 12.0% year over year in the dollar value of trade, according to CPB figures, led by emerging Asian economies. Yet, growth compared to the same period of 2019 was just 5.8%. Ongoing commodity price inflation has also been a positive factor, with the volume of trade in March 2021 only 4.2% above March 2019. Preliminary macroeconomic data for 16 countries shows growth of 45.7% year over year in April, compared to what was the nadir of pandemic disruptions for many countries. Growth compared to April 2019 was a still-considerable ...

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