September 19, 2021

World exports of intermediate goods increased 20% in Q1, says WTO

Alicia Nicholls

According to a World Trade Organization (WTO) quarterly report released on September 2, global exports of intermediate goods saw a 20% year on year increase in the first quarter of 2021. The WTO report defines intermediate goods as those goods used as inputs in the production of a final product. It noted that “growth was strongest for IG ores, precious stones and rare earths (43 per cent) and food and beverages (22 per cent).”

Asia was the region which saw the highest percentage growth (28%) in the exports of these goods, mainly due to China. Indeed, China, the US, Germany, Hong Kong (China) and Japan were the top exporters of intermediate goods, according to the WTO report. The first four countries were also the top importers globally, while India was the fifth.

Access the WTO report here.

caribbeantradelaw

The Caribbean Trade Law and Development Blog is owned and was founded by Alicia Nicholls, B.Sc. (Hons), M.Sc. (Dist.), LL.B. (Hons), a Caribbean-based trade and development consultant. She writes and presents regularly on trade and development matters affecting the Caribbean and other small states. You can follow her on Twitter @LicyLaw. All views expressed on this Blog are Alicia's personal views and do NOT necessarily reflect the views of any institution or entity with which she may from time to time be affiliated.

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