Global export activity fell 0.9% year over year in April, CPB World Monitor data shows. Seven out of nine regions tracked saw a decline, marking the most coordinated downturn since Sept. 2012. The data supports evidence from Panjiva analysis that has shown the dollar value of exports from 37 countries plus the EU fell 1.3% year over year in April. With 10 out of 15 countries that have reported May data having shown a downturn, the risk of a trade recession – driven in large part by the U.S.-China trade war – remain real.