Fading global trade provides a backdrop for Europe’s above-average January — Panjiva
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Supply Chain Research

Fading global trade provides a backdrop for Europe’s above-average January

China 2970 European Union 825 France 153 Germany 244 Netherlands 25 Trade Balance 932 United Kingdom 368

Exports from the European Union increased by 0.4% year over year in January, including a 6.0% slide in shipments to China and a 9.7% dip in exports to the U.K. A similar performance in dollar terms included a 4.8% slide in shipments from Germany and a 7.9% decrease in exports from France. A surge in exports from the Netherlands may be curtailed by the recent collapse in oil prices. Worse is likely to come as coronavirus-linked disruptions spread. Europe was the second best performing region globally after the Middle East and Africa in January in terms of dollar exports. The global averag...

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