North American trade still going strong as Europe lags behind

Europe was the laggard trading region in September while North America was “still going strong” according to the gKNi World Trade Indicator powered by LogIndex AG ,the data company of global freighter forwarder Kuehne+Nagel.
The gKNi World Trade Indicator stood at 141.0 (+5.8% YoY) at the end of September, down by 0.3% compared to the previous month.
The third quarter saw an increase of 0.5% (quarter on quarter) compared with increases of 0.4% in the second quarter and 4.4% in the first quarter.
The World Trade Indicator is a US dollar value indicator influenced by inflationary pressures, in particular higher energy prices.
The latest report from gKNi stated: “World trade has recently been strong in North America (+9.1%), Central and South America (+9.4%). The Asian region, which experienced a vibrant growth in the first half of the year, is now less dynamic. Foreign trade in South Korea was negative in September. Overall, Europe was the least dynamic.”
World trade rose 5.8% year-over-year (YoY) in September (August: 8.7% YoY). Australia and Canada recorded the highest annual rates. South Korea, Italy and UK are “on the bottom of the list,” stated the latest report.
It added: “The trends in trade balances (exports minus imports) based on the latest forecasts of LogIndex  signal a worsening of existing deficits in the US, UK, Canada, France, India, Japan, Mexico and Sweden.”

Share this story

Related Topics

Latest data news

Munich Airport freight volume up

By Rebecca Jeffrey

Munich Airport’s total 2021 airfreight volume was 22,000 metric tons higher than 2020. This corresponds to an increase in freight…

Read More

Share this story

Brussels Airport airfreight climbs 30%

By Rebecca Jeffrey

Brussels Airport’s 2021 flown airfreight volumes rose 30.6% compared to 2020 to 668,000 tonnes, and 33% more than in 2019,…

Read More

Share this story

China’s air cargo industry bounces back

By Rebecca Jeffrey

China’s air cargo industry has recovered to close to the volume it was at in 2019, the Civil Aviation Administration…

Read More

Share this story