ID :
200749
Thu, 08/11/2011 - 17:56
Auther :
Shortlink :
https://oananews.org//node/200749
The shortlink copeid
World exports surge 22.2% in 2010 on global economic recovery
TOKYO, Aug. 11 Kyodo - World exports in 2010 surged 22.2 percent from a year earlier to $15.05 trillion, or around 1,150 trillion yen, buoyed by recovery from the global recession in 2009 and robust growth in emerging nations, the Japan External Trade Organization said Thursday.
The expansion was the sixth fastest since 1949 when comparable data become available, the government affiliate said in an annual trade and investment report.
Exports by China, the world's largest exporter, increased 31.3 percent, while those by Russia and Brazil also rose sharply on the back of surges in global commodity and material prices.
Japan's exports climbed 24.4 percent to 67.4 trillion yen as shipments of cars and other products to Asian countries including China grew.
World exports also soared over 20 percent year-on-year in the first three months of 2011, but it is unclear whether that robust rate will continue given the gloomy outlook for the global economy, said Dai Higashino, the director at JETRO's International Economic Research Division.
Japan's exports plunged after the devastating March 11 earthquake and tsunami, especially of such products as automobiles due to disrupted supply chains for key components.
But JETRO said the nation's exports are now on a recovery trend after hitting bottom in April as ''supply chains recovered at a faster pace than had been expected.''
Meanwhile, global foreign direct investment in 2010 fell for the third straight year, down 4.4 percent to $1.22 trillion. But the scale of decline was less than the previous year as investment into China and other emerging economies improved, it said.
The expansion was the sixth fastest since 1949 when comparable data become available, the government affiliate said in an annual trade and investment report.
Exports by China, the world's largest exporter, increased 31.3 percent, while those by Russia and Brazil also rose sharply on the back of surges in global commodity and material prices.
Japan's exports climbed 24.4 percent to 67.4 trillion yen as shipments of cars and other products to Asian countries including China grew.
World exports also soared over 20 percent year-on-year in the first three months of 2011, but it is unclear whether that robust rate will continue given the gloomy outlook for the global economy, said Dai Higashino, the director at JETRO's International Economic Research Division.
Japan's exports plunged after the devastating March 11 earthquake and tsunami, especially of such products as automobiles due to disrupted supply chains for key components.
But JETRO said the nation's exports are now on a recovery trend after hitting bottom in April as ''supply chains recovered at a faster pace than had been expected.''
Meanwhile, global foreign direct investment in 2010 fell for the third straight year, down 4.4 percent to $1.22 trillion. But the scale of decline was less than the previous year as investment into China and other emerging economies improved, it said.
