Rose-tinted rear-view mirror, dark COVID-19, oil clouds ahead for global trade — Panjiva
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Rose-tinted rear-view mirror, dark COVID-19, oil clouds ahead for global trade

Brazil 415 China 3048 Coronavirus 511 Energy - Conventional 468 Energy - Crude Oil 311 European Union 878 France 167 Germany 267 Global 1391 Norway 6 Trade Balance 935

The European Union’s exports in Feb. 2019, the last of the major regions to report data, increased by 1.0% year over year in euro terms and fell by 2.9% in dollars. Against a backdrop of the spread of COVID-19 that might look positive, though a dip of 5.6% in exports from Germany indicates worse to come. The EU data means that global exports across 37 countries / regions tracked by Panjiva fell by 1.6% in February. It’s likely that will represent a “high” compared to March and April. Data for 14 countries that have reported data for March, most of which are in Asia, shows only Brazil exp...

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