International Merchandise Trade Slow Again

Most of the major economies experienced a continuation of the slowdown in merchandise trade seen in the second quarter in the third quarter of 2012 according to data from the OECD. Imports and exports fell in Brazil, Germany, Italy, Japan, Russia, S.Africa and the US. Imports also decreased in France and the UK. Moderate export growth occurred in France and the UK. Exports fell in Canada, China and India. Imports grew moderately in Canada and China but there was stronger growth in India.