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Total imports of G7 and BRICS countries contracted by 1% in the third quarter, compared to 4.2% growth in the previous quarter.
Merchandise trade growth slowed across major economies in the second quarter of 2011. Total imports of G7 and BRICS countries grew by only 1.1% in the second quarter compared to 10.1% in the previous quarter.
Merchandise trade continued to grow strongly across major economies in the first quarter of 2011. Total imports of G7 and BRICS countries grew by 11% in the first quarter compared to 8.2% in the previous quarter.
Source: OECD International Trade by Commodity Statistics (updated continuously) - Conversion factors are used to convert ITCS data from national currencies into United States dollars. The conversion factors are the rates provided to the UNSD either by the country concerned or compiled by the IMF. Trade conversion factors are weighted monthly or quarterly exchange rates, the weights being the corresponding monthly or quarterly values
Merchandise trade growth quickened in the final quarter of 2010 in most major economies, with record trade figures in China.
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 OECD trade deficit in goods and services with the rest of the world continued deteriorating during the second quarter of 2010, according to new balance of payments data.
Merchandise trade volumes for the G7 countries as a whole continued to grow in the first quarter of 2010, but at a slower pace than in the fourth quarter of 2009.
Merchandise trade volumes continued to grow in the fourth quarter of 2009 in the G7 countries, albeit at a slower pace than in the third quarter.