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Asian Trade Outstanding

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By the catogery of goods trade, the export of developed countries outnumbered the developed countries in 2010. The goods export rose 23% and 19% for those two kinds of countries respectively. Asian countries even witnessed the 27% growth rate, highest in any other region over the world. Japan ranked No. 1 in the developed countries in this period. The goods exported by Japan rose 34% in August. All those figures proved the importance of Asian countries in world trade recovery.

The global goods trade volome in August 2010 got close to the level of June 2008, and even be close to the precrisis summit of April 2008. The import and export of developing countries in July 2010 surpassed their precrisis summit, while developed countries hannot.

While the world goods trade hasnot reached the record of precrisis level, it is clear when read the major export catogeries figures. For example, auto export was lower than the precrisis level. In first quarter of 2009, it went down 47%; in the second quarter of 2010, it rose 35%, but dropped 26% compared to a year ago. The traditional goods for developing countries recovered slowly. For instance, the export of textile and clothes dropped 20% in the crisis, and it was still 12% negative growth in second quarter 2010 on a yearly basis.

The export growth of developing countries also benefit from the internal trade of those countries. Except the coal and mine products, the internal trade volume of developing countries grew 38% in first quarter 2010. This figure was only 12% between developed countries.