AS per the OECD report, the merchandise
trade growth has 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. Total export growth slowed to
1.9%, compared to 7.7% in the previous quarter.
China’s
imports grew by 0.7%, compared to 11.1% in the first quarter, the lowest
rate since the first quarter of 2009, while exports picked up strongly by
10.0% (compared to 2.9% in the previous quarter), leading to a sharp increase
in the trade surplus.
In the United States, import growth slowed to 3.0% (versus 11.1% in the previous
quarter) and export growth dropped to 2.6% (versus 5.6% in the previous quarter).
Compared to the first quarter, both import and export growth rates slowed
down in all G7 and BRICS countries, except in Brazil, where imports increased
strongly by 11.2% (versus 5.7% in the previous quarter) and in China.
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