June 25, 2020
Unprecedented decline in world trade in April
The CPB World Trade Monitor shows a historical decline in the world trade volume in April of 12.1% compared with March. Exports fell back significantly in several regions: -23% for both the eurozone and the US, -21% for Latin-America, -14% Japan, and -11% for other advanced economies. Imports declined most in Latin-America (-18%), the eurozone (-17%), the US (-11%), and other advanced economies (-15%). The growth in world trade during the months February to April compared with the preceding three months was -7.2%. None of the regions showed an increase, and the eurozone showed the most negative development (-13% exports, -11% imports).
Industrial production declined significantly as well: -8.1% worldwide compared to March, and between -17% and -18% for the eurozone, the US, other advanced economies, Latin-America, and emerging Asia (excluding China). Only China and Africa & the Middle-East show a plus of respectively 3.6% and 5.7%.
Look at the CPB World Trade Monitor.
See also
Aankondiging: 1 mei CPB-publicatie over impact handelstarievenPositie bedrijf in productieketen niet bepalend voor productiviteitPreventie belangrijk voor gezondheid, maar garandeert geen lagere zorgkosten Arbeidsmarktrisico’s stapelen zich op bij kwetsbare groepenToename importen van de VS voorafgaand aan tariefsverhogingen