Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 30/06/2022 02:16 
24.05.2022 13:42 News >> Surge In Commodity Prices: G20 Merchandise Trade At New High In Q1

Surge In Commodity Prices: G20 Merchandise Trade At New High In Q1

G20 exports rise 3.6% quarter on quarter to $4.6T in January March, imports up 5.8% to $4.8T.

Building from a six-quarter rise, international merchandise trade for the G20 hit a new high with $9.4 trillion in the first quarter of this year, the Organization for Economic Cooperation and Development (OECD) said on Tuesday.
G20 exports increased 3.6% quarter-on-quarter to $4.6 trillion in January-March, while imports climbed 5.8% to $4.8 trillion, data showed.
The growth was driven by surging commodity prices amid Russia's war on Ukraine and stringent COVID-19 containment measures in East Asia, the Paris-based group said in a statement.
Due to chip shortages weighing on shipments of vehicles and parts, Japanese exports rose 0.8%, while energy and raw material prices boosted imports 7.0% from the previous three months.
Electronics, COVID-19 testing kits and e‑cars continued to fuel exports growth from Korea, an increase of 3.8% from the October-December period, while energy products drove an increase in imports by 6.1% in January-March.
Exports from China expanded 4.7%, led by steel and plastic products as well as electronics, but Chinese imports were marginally up 0.3%, as energy purchases were partially offset by a decline in imports of iron ores.
Import growth accelerated across most economies in Europe due to energy bills. Exports and imports rose 3.0% and 5.0%, respectively, in the EU.
As geopolitical tensions cut shipments of machinery and chemicals, German exports declined 0.1%, while imports increased 3.0%. Similarly, exports from the UK contracted 1.6%, but imports soared 18.8% due to machinery, transport equipment and energy.
Leading commodity exporters in the G20 area saw significant rises in exports as Australia's exports grew 7.8% thanks to cereals, coal and metals, Argentina's 11.5% and Brazil's 20.2%. -



        Latest News
Anadolu Agency's Morning Briefing - June 30, 2022 7 minutes ago...
Daily briefing on the latest developments around the world.
Scientists Continue To Study Ways Of Protecting Earth From Asteroids -37 minutes ago...
UN declared International Asteroid Day in 2016 to raise awareness about threat of collision with Earth created by celestial bodies floating in space.
Argentina Detects 1St Case Of Omicron Subvariant BA.5 -23 minutes ago...
Authorities confirm person with coronavirus subvariant had returned from an international trip.
Key US Republican Senator Backs Sale Of F-16 Fighter Jets To Türkiye -38 minutes ago...
Upgrading Türkiye's 'aviation capability will benefit Turkey, the U.S., NATO and regional security,' says Lindsey Graham.
R. Kelly Sentenced To 30 Years In US Federal Prison For Sex Trafficking, Sex With Minors 7 minutes ago...
'Kelly relied upon his fame, money and popularity,' say prosecutors.

 
      Top News
Argentina Detects 1St Case Of Omicron Subvariant BA.5 Argentina Detects 1St Case Of Omicron Subvariant BA.5
UK Announces Further Sanctions On Russia Targeting Putin's 'Inner Circle' UK Announces Further Sanctions On Russia Targeting Putin's 'Inner Circle'
1 More Family Joins Anti-PKK Sit-In In Southeastern Türkiye 1 More Family Joins Anti-PKK Sit-In In Southeastern Türkiye
North Silent As South Korea Seeks Prior Notice On Dam Water Release North Silent As South Korea Seeks Prior Notice On Dam Water Release
Finland, Sweden Accession To Be 'Unprecedentedly Quick,' Says NATO Chief Finland, Sweden Accession To Be 'Unprecedentedly Quick,' Says NATO Chief
Anadolu Agency's Morning Briefing - June 29, 2022 Anadolu Agency's Morning Briefing - June 29, 2022
Türkiye, Sweden, Finland Sign Memorandum On Nordic Countries' NATO Bids Türkiye, Sweden, Finland Sign Memorandum On Nordic Countries' NATO Bids
Building Collapse In India's Mumbai Kills At Least 19 Building Collapse In India's Mumbai Kills At Least 19
Turkish, US Presidents Discuss Bilateral Ties, Regional Issues Turkish, US Presidents Discuss Bilateral Ties, Regional Issues
The Geopolitics Of Turkish Inflation The Geopolitics Of Turkish Inflation