THE new report of OECD reveals that the merchandise trade growth increased in
the major economies during the first quarter of 2013 while the value of
merchandise imports and exports in fourth quarter of 2012, for the total of G7
and BRICS countries increased by 1.3% and 2.8%, respectively.
However,
performance varied widely across individual countries and as Compared to the
previous quarter, merchandise imports and exports increased in the first quarter
of 2013 in most major economies: in Germany (by 3.9% and 4.8%,
respectively), China ( by 0.9% and 5.6%), Brazil
(by 5.1% and 4.9%), the United States (by 0.7% and
1.0%), Italy (by 1.4% and 3.2%), Canada (by
1.6% and 1.2%), France (by 0.5% and 1.9%), and the
Russian Federation (by 4.9% and 0.0%).
Conversely imports
grew and exports contracted in South Africa (by 4.3% and minus
0.3% respectively), while the opposite pattern (i.e. imports contracted and
exports increased) held in U nited Kingdom (by minus 0.3% and
1.3%, respectively) and in India (by minus 0.9% and 6.1%,
respectively).In Japan, imports contracted slightly in the
first quarter of 2013 (by minus 0.1%), whereas exports decreased more
significantly (by minus 2.3%) for the fourth consecutive quarter.
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