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Global Freight Data Show Trade Slowing Down

The latest update of global freight data collected by the International Transport Forum at the OECD shows global trade volumes are slowing down:

  • USA and EU27 external trade, measured in tonnes of goods moved, remain stagnant and indicate further decline since the previous quarter; 
  • EU27 imports by air fall below pre-crisis levels for the first time since Q1/2010, suggesting weakening domestic demand; 
  • Trade by value shows a more mixed picture; 
  • China’s external trade, by value, remains flat;
  • Road and rail freight decline in the EU area, further indicating weak domestic performance.
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