Global Trade’s Summer Sun Already Fading — Panjiva
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Global Trade’s Summer Sun Already Fading

European Union 781 Global 1381 Trade Balance 923

Asia’s exports staged something of a recovery in July with total exports from 15 countries having risen by 0.4% year over year after a 2.6% slump in 2Q. When combined with a 1.3% recovery in exports from the EU that meant global exports across 37 countries grew by 0.2%, the first monthly improvement since January. Yet, Asia’s gain in July was largely down to China, which has since seen a 1.0% drop in exports in August. Indeed, six of the nine countries that have reported August data have already shown a drop in exports – the recovery is proving short-lived.

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