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In the third quarter of the year, global commodity trade turned around a lot. Commodity trade increased by 11.6 percent in the third quarter compared to the second quarter. In the second quarter, trade decreased by 12.7 percent compared to the first quarter.
According to a recent report by the World Trade Organization (WTO), trade in goods increased in the July-September quarter, but is still 5.6 percent higher than the same period last year. Naturally producing countries have turned around quickly. And countries that are heavily dependent on natural resource exports have yet to turn around, the report said.
Analysts believe that this reflects the reality of the economy. According to them, the demand for essential and essential commodities has risen to almost normal levels, but the economy is still operating at 80-90 percent capacity.
According to the report, North American exports increased by 20.1% in the third quarter. In addition, Europe increased by 19.3 percent and Asia by 10.1 percent. The reason for the relatively low growth rate in Asia is that it has not suffered as much as Europe and America. As a result, its base is much better than Europe-America. Central Asia's growth has been 3.1 percent.
In the third quarter, the positive picture of exports again faded compared to the annual. The reality is that exports to almost all regions are negative compared to the third quarter of last year. Exports to North America fell 9.1 percent, to Europe 5.4 percent, to South and Central Asia 3.4 percent, and to other regions 11.4 percent. With the exception of Asia, their growth in the third quarter of this year increased by 0.4 percent compared to the same period last year.
Source: Online/SZK
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