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Global Freight Data Highlight Continuous Dependency On Asia-led Growth

The latest update of global freight data collected by the International Transport Forum at the OECD through December 2013 reinforces Asia’s role as the locomotive of growth:

  • USA and EU27 external trade, measured in tonnes of goods moved, remain stagnant;
  • Dependency on Asia, especially China, for global growth intensifies;
  • Brazil’s external trade by air, considered as a lead indicator, declines to below pre-crisis levels;
  • Inland freight remains weak in the EU area, the USA and the Russian Federation.
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