On a year-over-year basis, according to the
CPB World Trade Monitor, exports among Advanced Economies slipped into slightly negative territory in March. On an aggregate basis, export levels still have not surpassed highs made in 2008. This is contrast to exports from Emerging Economies where they have far surpassed 2008 levels. However, exports from Emerging Economies have been a recent funk as well. March was the fifth straight month that registered a month-over-month decline.
Import volume among Advanced Economies has basically been flat for the past three and half years and are well below levels seen in 2008. Emerging Economies imports have steadily increased over the past 5 years but have declined for the past two months.
