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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Global Trade on the Increase

Friday, August 06, 2010 > 12:56:45
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(International Freighting Weekly – Katerina Kerr)

But container volumes may decline over the next two years, says report

Global container volumes will increase nearly 10%, with a slightly stronger recovery of 10.6% on the main east-west trades this year, before slowing over the next two years, according to the latest forecast from IHS Global Insight’s World Trade Service. World trade moved by all modes will grow 8.1% in 2010 and 6.9% in 2011, following a 7.2% decline in 2009, says the report.

According to Second Quarter Trends in World Economy and Trade, the strong growth in exports from the Far East to North America and Europe is due to restocking of inventories. “While trade growth is projected into 2011 and beyond, the pace is expected to be slower than in 2010,” says the report. World containerised trade increased 9.2% in the second quarter of 2010, but is projected to grow by only 6.8% in the same period next year.

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