How Inflation is Distorting Global Trade Flows
China reported robust trade flows for July 2022. Overall, shipments from the world’s second-largest economy and top exporter rose 18% year on year to $333 billion. That was the fastest pace of the year, and beat analysts’ predictions of around 15%, but it’s largely due to rising prices for commodities from coal to soybeans, according to an analysis by Trade Data Monitor, the world’s premier source of trade statistics. That is sure to heave repercussions throughout the global
