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It's time to start a new tweetstorm to monitor global trade rebound, which should be larger than exp. in 2021. *The drag from #Covid_19 restrictions in
will ease.*Uncertainty linked to trade tensions
.*Leading sectors (semis and autos) already point to a sharp
.
#Japan | In January, the value of overseas shipments climbed 6.4% YoY (fastest since Oct. 2018), rising for a second month and picking up from December’s 2% pace.
#Japan's exports, machine orders pick up as global demand recovers - Reuters https://www.reuters.com/article/us-japan-economy-trade/japans-exports-machine-orders-pick-up-as-global-demand-recovers-idUSKBN2AH06D?il=0
Earlier this week, 
figures for the first days of February (adjusted for calendar effects) were also encouraging. https://twitter.com/C_Barraud/status/1361192862063484930
figures for the first days of February (adjusted for calendar effects) were also encouraging. https://twitter.com/C_Barraud/status/1361192862063484930
#SouthKorea February 1-20 Exports Y/Y: +16.7% v +11.4% in January (full month)*Average Daily Exports Y/Y: +29.2%
v +6.4% in January (full month) 
Link (Korean): https://bit.ly/3pBtWSU
#Taiwan Sounds Currency Warning as Chip Demand Fuels Exports - Bloomberg*Link: https://bloom.bg/3aE4OXk
#Freight | #Shipping costs are rising very quickly and it's not only a problem of supply or base effect.
Asian exports outlook has clearly improved with shipments and/or orders rising sharply - Bloomberg TV Chart
CPB data showed that global trade for the 7th straight month in Dec.*On a YoY basis, the index increased at the fastest pace since Mar. 2019.
*Using a 3-month MA, the index turned positive for the first time since May 2019.
*Link: https://bit.ly/3pWY0Zh
#SouthKorea Exports Y/Y: +9.5% v +11.4% in January *Average Daily Exports Y/Y: +26.4%
(the sharpest in over three years) v +6.5% in January Link (Korean): https://bit.ly/2MzZD1B
#Taiwan Factories Face Worst Supply-Chain Delays on Record - Bloomberg*Link: https://bloom.bg/2MDlvcp
#China’s Exports Surge From 2020 Lockdown as Demand Booms - Bloomberg*Link: https://bloom.bg/2PBrcsh
#SouthKorea March 1-10 Exports Y/Y: +25.2% v +9.5% in February (full month)- Average Daily Exports Y/Y: +25.2%
v +26.4% in February (full month) *Link (Korean): https://bit.ly/30KO7UF
#SouthKorea March 1-20 Exports Y/Y: +12.5% v +9.5% in February (full month)- Average Daily Exports Y/Y: +16.1%
v +26.4% in February (full month) *Link (Korean): https://bit.ly/30KO7UF
#Taiwan’s Export Orders Keep Soaring on Robust Tech Demand - Bloomberg*Link: https://bloom.bg/3sf28py
#China drives considerable rise in global #trade at start of the year - IHS Markit*Global trade was estimated to be 14.9% higher than a year ago in January. That's the first time that growth has reached double digits since the early 2010s
*Link: https://bit.ly/3s9rYey
#Germany #Manufacturing PMI at 66.6 (Feb: 60.7), Record high (since April 1996)*Manufacturing Output Index at 68.5 (Feb: 61.7), Record high (since April 1996)
*Composite Output Index at 56.8 (Feb: 51.1), 37-month high
*Link: https://bit.ly/3tOxMun
#Eurozone | Markit: March Export orders rose especially sharply, rising at a pace rarely exceeded in the survey’s history due largely to an unprecedented increase in #manufacturing, in turn led by a record rise in #Germany.*Link: https://bit.ly/31d6guh
CPB data showed that global trade for the 8th straight month in Jan.*On a YoY basis, the index
at the fastest pace since Mar. 2017.*Using a 3-month MA, the index
at the fastest pace since Nov. 2018.*Link: https://bit.ly/2QFsuTN
#SouthKorea March Exports Y/Y: +16.6% to $53.8 billion (highest in history for any March) v +9.5% in February*Average Daily Exports Y/Y: +16.6%
v +26.4% in February Link (Korean): https://bit.ly/2QXd915
#WTO Sees a Rebound for the Global Economy, Goods #Trade in 2021 - Bloomberg*Link: https://bloom.bg/3cBCdD3
Freight rates spike as Asian cargo ships jam US West Coast ports - Nikkei https://asia.nikkei.com/Business/Transportation/Freight-rates-spike-as-Asian-cargo-ships-jam-US-West-Coast-ports
#GERMANY FEB. FACTORY ORDERS RISE 5.6% Y/Y; EST. +5.3% - BBG Without surprise, it suggests that global trade growth will remain in positive territory in the coming months.
#SouthKorea April 1-10 Exports Y/Y: +24.8% v +16.6% in March (full month)- Average Daily Exports Y/Y: +32.6%
v +16.6% in March (full month) *Link (Korean): https://bit.ly/30KO7UF
#Japan exports posted a double-digit increase for the 1st time in more than three years in March - Bloomberg*The value of overseas shipments gained 16.1% from a year ago, led by exports of cars, plastics, semi-conductors and chip-making equipment.
#SouthKorea April 1-20 Exports Y/Y: +45.4% v +16.6% in March (full month)- Average Daily Exports Y/Y: %
+36.0% v +16.6% in March (full month) *Link (Korean): https://bit.ly/30KO7UF
- Chart from Bloomberg
CPB data showed that global trade for the 9th straight month in Feb.*On a YoY basis, using a 3-month MA, the index
at the fastest pace since Oct. 2018.*Link: https://bit.ly/32JuOvT
High frequency indicators (Baltic Dry & Harpex) suggest that, on a YoY basis, global trade growth is gaining traction (amid favorable base effects and strong demand)
