After a setback in March, global trade rebounded in April and is expected to continue to grow in May
After a setback in March, global trade rebounded in April and is expected to continue to grow in May, according to a gKNi World Trade Indicator.
Almost all countries in the sample showed positive momentum in April, with emerging markets signalling strong foreign trade activities – notably boosted by imports.
The gKNi World TradeIndicator powered by LogIndex — the data company of Kuehne + Nagel Group —stood at 140.8 (+13.1% YoY) at the end of April.
Seasonally adjusted, the indicator is currently up +0.5% month-on-month, following the decline in March.
International trade rose3.1% since the beginning of the year, with Saudi Arabia the top performer in the Middle East.
Based on the country forecasts for May, trade should increase further.
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Apart from Japan, all countries in the sample, representing over 75% of GDP World, are more dynamic (meaning the direction of YoY-change in April compared to the previous month).
The highest growth rate for2018 is predicted in emerging markets, which are being notably boosted by strong imports.
Read more: DHL Global Trade Barometer Increases
Mexico, Brazil and China expanded their foreign trade activities by 18 to 27% (before working-day adjustments) and are set to have grown at a notable rate by June.