São Paulo – The Organization for Economic Cooperation and Development (OECD) has reported this Thursday (27th) that international goods trade has increased in most of the world’s leading economies. According to the OECD, exports and imports in the G7 and Brics countries were up 2.1% and 0.9%, respectively.
The G7 comprises the world’s seven largest developed economies, and the Brics is composed of the main emerging countries: Brazil, Russia, India, China and South Africa.
The OECD claims exports increased by a higher rate than imports in most of the countries surveyed, like United Kingdom (3% and 1.4%), Germany (2.4% and 1.1%), United States (1.7% and 0.4%), China (4.8% and 1.6%), Brazil (2.8% and 0.5%) and Canada (0.7% and 0.5%).
In Italy and South Africa, exports increased while imports dropped; in Japan and France, imports grew by higher rates than exports. In Russia, imports went up and exports went down, and in India, both saw a decline.
In the whole of 2013, G7 and Brics exports were up 2.3% and 1.1%, respectively, compared with 2012. Trade grew the most in China (8%). The poorest performance was Japan’s, whose imports were down 6% and exports were down 10%.
*Translated by Gabriel Pomerancblum
