EsExports 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.
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.
Source: Panjiva
