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July 7, 2022
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- The war in Ukraine, as well as the increase in
interest and the end of stimulus packages, curbs the growth of
world trade
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- The conflict - explains UNCTAD - is beginning to influence
international trade, especially through the increase in
prices
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 In the first quarter of this year trade
worldwide have reached the record value of 7.7 trillion
dollars, an increase of about a trillion compared to the first
quarter of 2021 as well as an increase of about 250 million
dollars compared to the fourth quarter of 2021, growth that is
fuelled by rising commodity prices as the
Trading volumes rose much less.-
- This was announced today by the United Nations Conference on
Trade and Development (UNCTAD), specifying that the positive trend
of international trade, however, may soon
stop due to a tightening of policies and
geopolitical frictions. "The war in Ukraine - explains the
"Global Trade Update" report published today
by the UN body - is starting to influence trade
international especially through the increase in prices".
The document specifies that a probable impact on the volumes of
exchanges in the remaining part of 2022 will also have the increase in
interest rates and the end of stimulus packages to the economy.
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- The report also focuses on the trade of the
Russian Federation and Ukraine with the three main economies
world championships that took place in the two-month period March-April of this year, the first
bimonthly period after the start of the conflict that began
February 24 with the invasion of Ukrainian territory by the
Russian troops. Compared to the corresponding two-month period of 2021, in the
last months of March and April Ukraine's exports to
China, THE US and the EU decreased by -10%, -31% and -10% respectively
in terms of the value of exported goods, while imports
fell by -90%, -27% and -48%. Exports of the Federation
Russian, if in the two-month period March-April they decreased by -4%
towards the United States, on the other hand, they have increased, in terms of value,
+38% towards China and +75% towards the European Union, while
imports all fell, which was
equal to -18% from China, -83% from the USA and -59% from the EU.
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- With regard to imports by the European Union from
Russian Federation in the two-month period March-April compared to the
same period of 2021, European imports of crude oil
Russian totaled the value of four billion dollars,
with an increase of +49% in terms of value and a growth of +4%
in terms of quantity; European imports of products
Russian oil have reached a value of 24 billion
dollars, with a sharp rise of +77% in terms of value and a
contraction of -5% in terms of imported quantities; the
European imports of Russian natural gas amounted to 22
billions of dollars, with an exceptional increase of +259% in value
and a noticeable decrease of -29% in quantity; more
contained European imports of Russian coal which are
amounted to six billion dollars, with significant variations
positive percentages in terms of import value
(+130%) and a positive sign in terms of quantity (-23%).
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- As regards EU imports from Ukraine in the
at the same time, those of steel companies reached a value of
1.9 billion dollars, with declines of -60% in terms of value
and -64% in terms of quantity; imports of seeds of
sunflower totaled $1.9 billion, with growth
+5% in value and a reduction of -14% in quantity; the
wheat imports amounted to $1.8 billion,
with decreases of -23% in value and -35% in quantity; the
imports of rapeseed recorded a value of 1.1
billions of dollars, with increases of +175% in value and +112%
in quantity.
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