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Global Trade Grows 8% in First Quarter

(Lloyd’s Loading List)

On the basis of trade data available in mid-April, MDS Transmodal estimates that global trade (excluding intra-regional flows) has grown by some 8% in the first quarter of 2015 compared with the same period last year and could expand by some 5% by the end of the year, exceeding an overall volume of some 105m teu.

The highest annual growth rates for the first three months of 2015 are estimated to be on the routes departing East Asia. Exports from East Asia (excluding cargo remaining in the region) are estimated to have grown by more than 14% during the first quarter of 2015 compared to last year; cargo into sub-Saharan Africa is estimated to be up by more than 30%.

MDST has monitored European trade lanes and, for the first three months of 2015, has estimated year-on-year growth rates of 6.8% and 6.6% for the routes leaving Europe and the Mediterranean and arriving in the region respectively. Click here to read more.

Related: UN Cuts Global Economic Forecast (RTT News)