Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 08/03/2021 19:18 
23.02.2021 21:27 News >> G20 Keeps Up Trade Rebound In 2020'S Last Quarter: OECD

G20 Keeps Up Trade Rebound In 2020'S Last Quarter: OECD

Trade grew in all G20 economies except Argentina in Q4, says Organization for Economic Cooperation and Development.

International trade of G20 countries continued to recover in the final quarter of 2020, following sharp falls in the year's first half due to COVID-19 lockdowns, the Organization for Economic Cooperation and Development (OECD) said on Tuesday.
Exports went up 7.2% and imports 6.8% in the fourth quarter of 2020, according to the latest data.
"Although growth in the fourth quarter of 2020 was strong, it shows a reduction compared to the unprecedented expansion observed in the third quarter, when exports and imports increased by 20.6% and 16.8%, respectively," the OECD said.
All G20 economies saw a rise in international trade, except for Argentina, where growth was hampered by strikes in the wheat export supply chain, it added.
Provisional data available for January 2021 shows international trade growth continuing.
"A strong driver of 2020 merchandise trade growth in the G20 was China, which already experienced a rebound in the second quarter of 2020 and has seen solid international trade growth continue in the last two quarters of 2020," the OECD said.
China's exports went up 7% and 6.1% and imports increased 7.6% and 3.1% in the third and fourth quarter, respectively, according to the data.
In the Asia-Pacific region, strong growth in the final quarter was seen in Australia -- exports up 11.6% and imports up 7.9% -- and Japan, where exports increased 9.7% and imports grew 6.5%.
Growth was more moderate in Indonesia (6.2% and 1.7%) and South Korea , the OECD said. -



        Latest News
Biden Calls Pope's Iraq Visit Symbol Of Hope For World 9 minutes ago...
President says Iraq 'home to one of the oldest and most diverse Christian communities in the world'
Laporta Elected Barcelona President For 2Nd Time 9 minutes ago...
Joan Laporta wins Sunday’s election with 54.2% of vote, Spanish club announces.
Reaction Mounts After Prince Harry, Markle Interview 9 minutes ago...
Meghan and Harry allege racism within Buckingham Palace.
Equatorial Guinea Explosions' Death Toll Rises To 31 9 minutes ago...
Nearly 500 injured being treated, president orders inquiry.
Sky Is The Limit For Women At Turkey's Nuclear Plant -36 minutes ago...
Female employees of Akkuyu Nuclear Power Plant celebrate Women's Day.

 
      Top News
Anadolu Agency Lauds Women Breaking Barriers Anadolu Agency Lauds Women Breaking Barriers
Turkish Leadership, Officials Mark Int'l Women's Day Turkish Leadership, Officials Mark Int'l Women's Day
NBA All-Star 2021: Team Lebron Beat Team Durant 170-150 NBA All-Star 2021: Team Lebron Beat Team Durant 170-150
Turkey Condoles With Equatorial Guinea Over Explosions Turkey Condoles With Equatorial Guinea Over Explosions
Fire Engulfs Religious Center In Somaliland, 49 Injured Fire Engulfs Religious Center In Somaliland, 49 Injured
International Women's Day Has No Meaning In Syria International Women's Day Has No Meaning In Syria
Turkish Airlines Ranks 1St In European Daily Flights Turkish Airlines Ranks 1St In European Daily Flights
Turkey Nabs FETO Suspect Trying To Flee To Greece Turkey Nabs FETO Suspect Trying To Flee To Greece
Missile Kills 3 Palestinian Fishermen Off Gaza Coast Missile Kills 3 Palestinian Fishermen Off Gaza Coast
Bayern Munich Come From Behind To Defeat Dortmund 4-2 Bayern Munich Come From Behind To Defeat Dortmund 4-2