According to a new WTO quarterly report, the increase sustains the upward trend in IG exports registered during the Q1 2021 and exceeded the 2019 levels prior to the Covid-19 pandemic.
Africa reported the highest growth in IG exports and stood at 88% due to strong increases in sales of metals and precious stones, the WTO reported.
Latin America rates second with a 53% increase, strongly related to a strong rebound in purchases of raw materials such as iron and copper ores.
China sustained a high growth in the IG supply and demand (around 40%).
Exports of transportation equipment also ramped up to 69% and reached the highest level in the Q2 of 2021, compared to previous period.
However, food and beverage exports increased only 29%.
IG exports is an indicator of activity in supply chains, severely affected in the early stages of the Covid-19 pandemic crisis.