World goods trade grows 17%: WTO

14th March 2011, Comments 0 comments

The value of world merchandise trade increased 17 percent in the fourth quarter of 2010 compared to the same period a year ago, the World Trade Organization said Monday.

Data in December also signalled that commerce values have recovered to pre-crisis levels, added the Geneva-based trade body.

Emerging markets remained the growth engine, with Brazilian exports up 38 percent year-on-year.

China's exports were up 25 percent, while India's growth reached 28 percent.

The United States also posted average growth of 18 percent but Europe was still underperforming, with export growth of just 10 percent.

December's data also indicated a positive trend. While merchandise trade declined during the month compared to November, "this year-end value is above the comparable pre-crisis level of December 2008," noted the WTO.

The Geneva-based trade body had forecasted that trade volumes would grow 13.5 percent in 2010.

© 2011 AFP

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