new
or
You are here : Stone Home > Info Center > Financial News > OECD confirms rising trade flows of G7 in Q3 2009

OECD confirms rising trade flows of G7 in Q3 2009

Updated:2010-01-28 15:04:40

The merchandise trade volumes of the Group of seven (G7) countries grew in third quarter of 2009, according to a report released Wednesday by the Organization for Economic Cooperation and Development (OECD).

The newly released report summed up customs-based data of exports and imports of the United States, Canada, France, Britain, Germany, Italy and Japan.

With 5.0-percent increase in exports and 4.1-percent growth in imports quarter-on-quarter, G7 trade volumes were after a stable level in the second quarter but still significantly below the levels of 2008, the Paris-based agency said.

Year-on-year, exports were down 17.5 percent while imports were 14.6 percent lower in G7 group.

U.S. exports turned positive with 5.0 percent volume growth quarter-on-quarter and its imports rose 4.7 percent. However, compared to the level of last year, third quarter U.S. exports were down 14.5 percent while imports were 17.0 percent lower.

Germany's export volumes rose by 3.3 percent over the quarter and imports were up 3.1 percent. Year-on-year, exports declined by 16.5 percent and imports were down 10.9 percent.

Boosted by demand from Asia, Japan's quarterly exports rose 11. 5 percent in the third quarter while imports were up 7.2 percent. Yet its year-on-year trade volumes were also negative with exports down 25.1 percent and imports down 12.7 percent.

The value of goods and services trade in OECD countries witnessed positive trend in the third quarter of 2009 with exports up by 7.8 percent and imports higher by 8.7 percent quarter-on- quarter.

However, like its individual members, the bloc's growth in the value of exports and imports of goods and services continued to plunge, by 22.1 percent for exports and by 24.7 percent for imports year-on-year.

Although G7 total merchandise trade values have been increasing again since May 2009 after a continuous decline from August 2008, the observed overall trend in November 2009 to the year before suggested that G7 trade remain well below the levels of mid-2008.

 

 

Source:http://news.xinhuanet.com

Premium Related Products
LSN005-3D black marble mosaic bluestone mosaic backsplash blue limestone tile
LSN005-3D black marble mosaic bluestone mosaic backsplash blue limestone tile
Price:USD33-35 / square meter
Origin:china
Categories:Marble
Livia Mosaic Co., ltd
ChinaChina
Riverstone Sink
Price:USD45-55 / piece
IndonesiaIndonesia
Riverstone Sink
Riverstone Sink
Price:USD45-55 / piece
Origin:Indonesia
Categories:Other
CV. Sinar Batu Alam
IndonesiaIndonesia
Hexagon Wash Basin
Price:USD55-65 / piece
IndonesiaIndonesia
Hexagon Wash Basin
Hexagon Wash Basin
Price:USD55-65 / piece
Origin:Indonesia
Categories:Other
CV. Sinar Batu Alam
IndonesiaIndonesia
Browse by: Stone Manufacturers | All Products | For Buyers | For Sellers | Suppliers | Stonebtb.com International | Stonebtb.com China | Site Map
About Us | Stonebtb Service | Contact Us | Our Partners | Video | Exchange Link | Terms of Use
Copyright 2007-2019 Stonebtb.com All rights seserced