Global exports decline

Recently, influenced by factors such as sluggish external demand and ongoing shrinkage, exports from most countries such as Vietnam, South Korea, Brazil and the United States have shown a declining trend.This decline or will have a sustained impact on economic growth in these countries, and it is difficult to see signs of global trade recovery in the short term.

Vietnam’s exports fell by 3.5 percent in July, and textile export orders fell by 70-80 percent, leading to a large number of factories shutting down.
South Koreas exports fell by 16.5 percent in July, with chip exports of major exports falling by 34 percent.
Exports from Brazil and Chile fell 2.6% and 7.6% respectively.
Exports from Argentina, Tajikistan, India and Indonesia also fell by two digits.

Increase in exports in some countries

Although the export situation in most countries is not optimistic, Germany, Turkey, Uzbekistan and other countries have achieved rebound growth in the context of economic recession expectations and a shrinking global trade.

Germany’s exports grew by 3.5 percent in the first half of the year.
Turkey’s exports grew by 8.4% in July, a record high.
Uzbekistans exports grew by 19.4 percent in the first half of the year, while Uzbekistans trade relations with China were further deepened.
Georgia’s exports grew by 20.1% in the first half of the year.

Despite the difficulty of export decline in most countries around the world in the context of sluggish external demand and continued shrinking, some countries have achieved export growth by improving export quality and expanding new export markets, providing hope for the recovery of global trade.