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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.
Total imports of G7 and BRICS countries shrank by 0.2%, following the 0.7% fall recorded in the previous quarter.
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.
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.