In the last quarter of 2010, international trade have accelerated in major world economies, especially in China where there have been record highs. In particular - has announced today the Organization for Economic Cooperation and Development (OECD) - Total exports from the G7 nations (U.S., Japan, Germany, United Kingdom, France, Canada, Italy) and the BRIC (Brazil, Russia, India and China) grew by 8% in the fourth quarter of last year compared to a 1% increase in the previous quarter, while imports increased by 7% to +1% in the third quarter of 2010.
In the last quarter of last year, Chinese exports grew by 3% to a value of 420 billion dollars, while imports in the Asian nation increased by 9% to 379 billion dollars resulting in reduced trade surplus of 17 billion dollars to a total of 41 billion dollars.In the U.S., where exports and imports increased by 5% and 1%, the trade deficit fell to 152 billion dollars compared to 160 billion in the third quarter of 2010.
In the last quarter of last year, Germany's trade surplus grew by $ 10 billion, reaching $ 54 billion due to an increase of 7% of exports and an increase of 4% of imports. Marked increase in the trade surplus in Russia and South Africa, where exports showed an increase by 19% and 14%. In India, exports increased by 21% resulting in a significant contraction in the trade deficit.
In the UK imports and exports both rose by 5%, while imports recorded a growth rate more markedly than imports in France (+5% import, export +2%), Italy (+9% import, +7% exports), Japan (+5% import, export +4%) and Brazil (+4% import, export +1%). In Canada, exports grew by 6% and imports rose by 3% resulting in a slight trade surplus, the first since the third quarter of 2009.
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