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News Release
Companies are increasingly producing goods and services through supply chains spanning different countries.
Total imports of G7 and BRICS countries shrank by 0.2%, following the 0.7% fall recorded in the previous quarter.
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.
Merchandise trade growth quickened in the final quarter of 2010 in most major economies, with record trade figures in China.
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