Paris, 31 May 2016 News Release G20 International Merchandise Trade Statistics
Slowdown in global merchandise trade accelerates in Q1 2016 G20 total international merchandise trade, seasonally adjusted and expressed in current US dollars, contracted further in the first quarter of 2016, approaching six-year lows, as crude oil prices continued to fall. Exports fell for the seventh consecutive quarter (by 3.8%), while imports fell for the eighth consecutive quarter (by 4.1%). Imports in Q1 2016 fell in all G20 economies except Germany, with significant falls in China (by 14.7%), Korea (8.2%), South Africa (7.7%, the eighth consecutive drop), India (7.4%), the United Kingdom (6.5%) and Brazil (5.2%, the eighth consecutive drop). The European Union (EU28), Russia and the United States have now all recorded seven or more quarterly consecutive falls. Export also fell significantly in Russia (by 16.8%, the seventh consecutive fall), China (9.3%), South Africa (7.4%) and the United Kingdom (7.2%). Only Brazil (up 0.3%), Germany (up 0.5%) and Japan (up 1.1%) recorded small increases in exports in Q1 2016, partly un-winding falls in previous quarters. Japan has moved to a trade surplus for the first time since Q1 2011 but quarterly imports and exports values remain well below their 2011 levels.
G20 total international merchandise trade Seasonally adjusted, current prices and US$ billion
Values G20 Exports
Percentage variations G20 Imports
Exports 15
4000
10
3500
5 0
3000
-5 2500 2000 1500
-10 -15 -20 -25
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Imports
Paris, 31 May 2016 News Release G20 International Merchandise Trade Statistics
G20 total international merchandise trade Seasonally adjusted, current prices and US$ billion
G20 Australia Brazil Canada China EU 28 France Germany India Indonesia Italy Japan Korea Mexico Russia Saudi Arabia South Africa Turkey United Kingdom United States
Quarters Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import
2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 3580.7 3626.2 3616.3 3485.3 3243.2 3197.5 3154.6 3099.6 2983.0 3690.0 3667.1 3637.0 3491.1 3214.0 3170.6 3140.2 3080.4 2954.4 65.4 61.1 58.7 55.4 52.3 46.9 45.8 43.4 42.9 58.0 59.3 57.6 53.0 51.3 52.4 49.0 48.0 46.6 58.2 58.8 57.8 50.6 49.9 49.5 45.9 45.8 46.0 59.9 58.0 57.7 53.6 51.9 44.3 39.6 36.3 34.4 114.0 120.4 123.0 118.0 104.9 103.6 103.7 98.1 94.8 111.8 117.8 118.4 115.7 106.8 108.3 104.0 100.5 97.2 541.7 574.4 606.7 605.9 582.4 564.1 570.9 572.6 519.2 508.4 486.4 489.8 477.0 420.8 421.7 416.6 420.6 358.6 1574.6 1577.9 1540.6 1476.2 1356.2 1352.5 1347.1 1332.6 1312.3 1544.9 1554.7 1521.1 1428.8 1317.0 1307.3 1305.5 1288.5 1273.1 149.4 148.5 144.1 139.8 127.4 127.5 126.0 125.4 123.7 174.1 174.1 172.6 158.5 144.3 142.2 142.9 143.6 140.5 378.4 381.6 376.3 362.1 334.6 332.3 334.6 326.9 328.5 309.7 310.7 300.7 285.9 264.3 260.0 264.4 258.8 260.3 80.0 81.2 81.4 80.3 68.4 68.2 67.3 64.4 62.6 115.4 111.6 118.3 117.0 99.5 97.5 100.1 94.0 87.0 46.0 44.5 43.6 42.3 40.6 39.2 36.5 34.2 34.9 45.8 45.8 43.4 43.1 38.9 36.5 33.3 34.1 33.8 136.1 136.3 132.3 126.5 116.8 114.7 113.7 113.4 111.4 121.8 123.2 119.0 112.0 103.4 104.1 101.5 99.5 97.9 172.0 172.7 176.3 169.3 163.2 155.9 154.3 151.6 153.3 219.4 202.4 202.6 187.9 172.7 162.3 161.2 152.0 148.7 143.1 142.8 143.4 143.0 139.2 132.6 129.5 125.7 120.7 135.5 131.3 132.6 127.0 114.2 110.9 107.7 104.1 95.6 96.7 99.6 100.0 100.3 96.1 95.5 96.0 93.6 89.7 98.2 100.9 99.8 101.2 98.2 99.7 100.3 97.4 95.0 131.0 132.3 126.0 109.6 96.6 91.6 78.4 76.3 63.5 86.6 81.3 76.2 66.7 53.2 48.1 47.3 45.6 44.4 96.2 92.6 86.8 66.7 55.0 57.6 46.4 42.5 41.8 41.2 45.9 44.9 44.6 43.5 42.9 41.3 23.5 22.5 22.7 22.6 21.1 21.7 20.3 18.4 17.1 25.1 25.1 24.9 24.5 23.3 21.8 21.1 19.5 18.0 40.4 40.0 39.3 38.3 37.3 36.4 34.6 35.7 34.4 60.6 60.7 59.2 61.9 54.9 52.9 48.6 50.7 48.5 121.6 119.9 117.5 115.1 106.8 111.4 105.9 104.1 96.6 168.4 170.9 170.1 164.0 155.1 152.9 150.8 151.2 141.4 397.9 405.6 410.3 406.8 380.2 382.1 378.0 364.7 350.8 578.6 590.7 589.6 588.8 566.5 563.5 563.0 547.9 533.8
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Paris, 31 May 2016 News Release G20 International Merchandise Trade Statistics
G20 total international merchandise trade Percentage variations
G20 Australia Brazil Canada China EU 28 France Germany India Indonesia Italy Japan Korea Mexico Russia Saudi Arabia South Africa Turkey United Kingdom United States
Quarters Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import Export Import
2014Q2 1.3% -0.6% -6.7% 2.3% 1.0% -3.2% 5.6% 5.3% 6.0% -4.3% 0.2% 0.6% -0.6% 0.0% 0.9% 0.3% 1.5% -3.3% -3.4% 0.0% 0.1% 1.2% 0.4% -7.7% -0.2% -3.1% 3.0% 2.7% 1.0% -6.1% -3.8% -1.4% -4.3% -0.2% -1.0% 0.2% -1.3% 1.5% 1.9% 2.1%
2014Q3 -0.3% -0.8% -3.9% -3.0% -1.8% -0.4% 2.1% 0.5% 5.6% 0.7% -2.4% -2.2% -3.0% -0.9% -1.4% -3.2% 0.3% 6.0% -2.0% -5.3% -2.9% -3.4% 2.1% 0.1% 0.4% 1.0% 0.4% -1.1% -4.8% -6.3% -6.2% 11.5% 0.6% -0.5% -1.7% -2.5% -2.0% -0.4% 1.2% -0.2%
2014Q4 2015Q1 -3.6% -6.9% -4.0% -7.9% -5.7% -5.6% -7.9% -3.3% -12.4% -1.5% -7.1% -3.2% -4.1% -11.1% -2.2% -7.7% -0.1% -3.9% -2.6% -11.8% -4.2% -8.1% -6.1% -7.8% -2.9% -8.9% -8.1% -9.0% -3.8% -7.6% -4.9% -7.5% -1.5% -14.8% -1.1% -15.0% -2.8% -4.2% -0.8% -9.6% -4.4% -7.6% -5.9% -7.7% -3.9% -3.6% -7.3% -8.0% -0.2% -2.6% -4.2% -10.1% 0.4% -4.2% 1.4% -2.9% -13.0% -11.8% -12.4% -20.2% -23.2% -17.5% -2.3% -0.7% -0.3% -6.7% -1.6% -5.0% -2.4% -2.8% 4.5% -11.3% -2.1% -7.2% -3.6% -5.4% -0.9% -6.5% -0.1% -3.8%
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2015Q2 -1.4% -1.4% -10.4% 2.1% -0.7% -14.8% -1.2% 1.5% -3.1% 0.2% -0.3% -0.7% 0.1% -1.4% -0.7% -1.6% -0.2% -2.0% -3.2% -6.3% -1.8% 0.7% -4.5% -6.1% -4.8% -2.8% -0.7% 1.6% -5.2% -9.7% 4.7% -2.5% 3.1% -6.6% -2.3% -3.6% 4.3% -1.4% 0.5% -0.5%
2015Q3 -1.3% -1.0% -2.4% -6.4% -7.2% -10.5% 0.1% -4.0% 1.2% -1.2% -0.4% -0.1% -1.2% 0.4% 0.7% 1.7% -1.4% 2.6% -6.9% -8.7% -0.9% -2.5% -1.1% -0.7% -2.3% -2.9% 0.6% 0.6% -14.4% -1.7% -19.5% -1.3% -6.7% -3.0% -5.0% -8.1% -4.9% -1.4% -1.1% -0.1%
2015Q4 2016Q1 -1.7% -3.8% -1.9% -4.1% -5.1% -1.1% -2.0% -2.9% -0.2% 0.3% -8.3% -5.2% -5.4% -3.3% -3.4% -3.3% 0.3% -9.3% 1.0% -14.7% -1.1% -1.5% -1.3% -1.2% -0.5% -1.3% 0.5% -2.1% -2.3% 0.5% -2.1% 0.6% -4.3% -2.8% -6.1% -7.4% -6.4% 2.2% 2.4% -0.9% -0.3% -1.8% -2.0% -1.6% -1.7% 1.1% -5.7% -2.2% -2.9% -4.0% -3.4% -8.2% -2.5% -4.2% -2.9% -2.4% -2.7% -16.8% -3.7% -2.5% -8.5% -3.7% -9.2% -7.4% -7.7% -7.7% 3.2% -3.6% 4.3% -4.2% -1.7% -7.2% 0.3% -6.5% -3.5% -3.8% -2.7% -2.6%
Paris, 31 May 2016 News Release G20 International Merchandise Trade Statistics
G20: Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union. See remarks on G20 and Argentina in the methodological notes. The G20 aggregate is derived as the seasonally adjusted data of the individual economies.
>> Methodological Notes: Further methodological information can be downloaded from: http://www.oecd.org/std/its/OECD-G20-trade-technical-note.pdf >> Access data: The online dataset is available at: http://stats.oecd.org/Index.aspx?datasetcode=MEI_TRD >> Contacts: For further information journalists are invited to contact the OECD’s Media Relations Division on (33) 1 45 24 97 00 or at
[email protected]; others should contact the OECD Statistics Directorate at
[email protected]. >> Next release: 30 August 2016
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