ITF releases Statistics Brief on Global Freight

Date Posted: 2011-05-16

The International Transport Forum (ITF) released its latest Statistics Brief on Global Trade and Transport entitled "Global Freight: Recovery and Rebalancing?"

Highlights

The latest update of global freight data collected by the International Transport Forum at the OECD shows that since the financial crisis of 2008:

► EU-27 and USA external trade by sea are attaining pre-crisis peak levels, measured in tonnes; EU-27 trade by air in tonnes even surpassed them by 16%;

► Exports and imports display different post-crisis recovery patterns, with tonnes exported growing more strongly than tonnes imported. The rise of BRICs and of Asia as an export destination stands out, with an 18% to 60% growth in tonnes exported compared to the pre-crisis peak.

► Considering values instead of tonnes produces a somewhat more mitigated picture, possibly because of changes in value-per-tonne of imports and exports as the recovery progresses;

► The pace of recovery appears to be slowing down, particularly in trade by air. Such a slowdown is to be expected given levels attained, but also highlights the continued presence of downside risks to the recovery;

► The low or zero growth in rail and road freight transport in Russia and EU contributes to the sense of weak recovery, suggesting in particular a tepid rebound in domestic demand.

Read more: ITF Statistics Brief Global Freight: Recovery and Rebalancing? (May 2011)