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Compared to the third quarter, the value of merchandise exports and imports for the G7 and BRICS countries increased by 1.2% and 1.0%, respectively.
Merchandise trade continued to slow in most major economies in the third quarter of 2012 compared to the second quarter of 2012.
Merchandise trade slowed in most major economies in the second quarter of 2012, with contractions in all major European economies, India, Russia and South Africa.
Merchandise trade grew moderately in most major economies in the first quarter of 2012. Total imports and exports of G7 and BRICS grew by 1.0% and 0.6% respectively.
International trade data show seasonally adjusted imports, exports and trade balance data in Billions $US for OECD countries and major non-member economies. Imports consist of: (i) imports for direct domestic consumption; (ii) withdraw. The series are updated continuously.
Source: OECD International Trade by Commodity Statistics (updated continuously) - Annual merchandise trade statistics of OECD countries are shown with all partner countries at 2-digit level of the Harmonised System (HS) 1988. More detailed data are available on DVD and online up to 6-digit level of the HS 1996 and up to 5-digit level of the Standard International Trade Classification (Rev.2 and Rev.3) in terms of values and quantities.
The data presented are an extract (Switzerland) of the database Monthly Statistics of International Trade (MSIT) , which provides detailed monthly, quarterly and annual data on trade by OECD member countries and groups of member coutries with partner countries and group of partner countries. MSIT is also available as monthly paper publication.
What’s driving the unprecedented collapse in global trade flows? This column shows that the magnitude of the global decline reflects greater synchronisation of trade flow declines across countries. Globalisation has brought the world in sync.