Global exports of intermediate goods posted a strong year-on-year increase of 47% in the second quarter, already far exceeding pre-pandemic levels, according to data released by the World Trade Organization (WTO).
The boom in global supply chains (still affected by bottlenecks in sectors such as technology or automobiles) accelerated in the second quarter compared to the first, in which year-on-year growth had been 20%, after having touched fund in the second quarter of 2020.
The highest growth between April and June 2021, of 88%, was recorded in Africa, due to the strong increase in exports of precious metals and other goods such as copper derivatives and iron concentrates.
In Latin America there was also an important growth of 53%, driven by the increase in iron ore and copper exports.
China maintained the strong increase in its exports of intermediate goods (40%), and growth in markets such as Australia (74%) and India (119%) were also notable.
By sectors, the exports that increased the most were those related to the automotive sector (69%), something partly explained by the very low figures of last year, in which this industry was the most affected by supply problems in the chains mounting.
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