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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.
Advance rulings, formalities and procedures, information availability and inter-agency cooperation are the policy areas with the greatest impact on trade volumes and trade costs, according to OECD trade facilitation indicators studied in this report.
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.
All the classifications of countries according to per capita gross national income (GNI) to determine maximum repayment term and tied aid eligibility under the Arrangement
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.
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2010 Classification of countries according to per capita gross national income (GNI) to determine maximum repayment term and tied aid eligibility under the Arrangement, applicable as of 29 July 2010.