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Merchandise trade volumes of the Group of seven (G7) countries grew in third quarter of 2009 after stabilising in the second but were still were significantly below the levels of 2008.
The statistics presented are an extract from the database: OECD Statistics on International Trade in Services by Service Category. The extraction contains data for OECD countries, European Union 15 and 25 in 12 different services. Details are given for exports (credits), imports (debits) and net, in million of US dollars, by detailed type of service according to the Joint OECD-Eurostat Trade in Services Classification.
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.
After the continued drop in quarterly merchandise trade volumes of the Group of seven (G7) countries during the last quarter 2008 and first quarter 2009, the trend reversed with more stable growth volumes in the second quarter 2009.
The unprecedented and largely synchronized drop in merchandise trade volumes of the Group of Seven (G7) countries of the last quarter 2008 continued in the first quarter 2009.
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.
Merchandise trade volumes of the Group of Seven (G7) took an unprecedented drop in the last quarter of 2008 compared with the previous quarter.
Source: OECD Statistics on International Trade in Services, Detailed Tables by Partner Country - Annual trade in total services statistics are shown - when available - for OECD countries plus EU, Euro Area, European Union Institutions, Hong Kong, China and the Russian Federation. The data concern bilateral trade between residents and non-residents of countries and are reported within the framework of the Manual on Statistics of
Merchandise export volumes of the Group of Seven countries fell 0.2% in the third quarter of 2008 compared with the previous quarter, while import volumes rose 0.4%.