Great British Bounce Can’t Stop EU or Global Export Decline in February — Panjiva
Más

Panjiva_research_logo

Great British Bounce Can’t Stop EU or Global Export Decline in February

European Union 414 Global 747 Trade Balance 668 United Kingdom 195

Exports from the European Union fell for a fourth straight month in February in dollar terms, Panjiva analysis of S&P Global Market Intelligence data shows, with a 2.4% year over year decline. That came despite a 6.4% increase in exports from the U.K., outlined in Panjiva’s research of Apr. 10, that was the result of a pre-Brexit surge in shipments. The postponement of the exit date to at least Jun. 1 may mean there’ll be a return to weaker fundamentals in April.

GERMANY’S LOSS DRAGS EUROPEAN EXPORTS DOWN

Chart segments export growth by country. Calculations based on S&P Global Market Intelligence figures.  Source: Panjiva

When added to a 10.4% decline in exports from Asia – driven in large part by China’s holiday-related slump in shipments – that meant global exports slowed by 5.0% year over year. There is an apparent bifurcation though with Europe and Asia weaker while the Americas saw an improvement of 1.6%.

Looking into March the performance may not be much better given 11 of the 15 countries (or 73% by number) that have already reported data have shown a decline in exports. Again a split is apparent with only a handful of Asian countries doing better including China, Vietnam and India.

EUROPE LED THE SLOWDOWN, ASIA FOLLOWING

Chart segments export growth by country. Calculations based on S&P Global Market Intelligence figures.  Source: Panjiva

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.