Global Economic Indicators: Emerging Markets Trade February 4, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@yardeni.com Debbie Johnson 48-664-1333 djohnson@yardeni.com Please visit our sites at blog.yardeni.com thinking outside the box
Table Of Contents Table Of Contents Emerging Markets Exports & Imports 1 Trade Balances By Country 2-7 Exports & Imports By Country 8-13 February 4, 218 / Emerging Markets Trade
Emerging Markets Exports & Imports 14 Figure 1. EMERGING MARKETS: EXPORTS (21=1, sa) 14 12 12 1 8 Value (nsa) Volume (sa) 1 8 6 6 4 4 2 91 92 93 94 95 96 97 98 99 1 2 3 4 5 6 7 8 9 1 11 12 13 14 15 16 17 18 19 2 Source: Netherlands Bureau for Economic Policy Analysis. yardeni.com 2 14 Figure 2. EMERGING MARKETS: IMPORTS (21=1) 14 12 12 1 8 Value (nsa) Volume (sa) 1 8 6 6 4 4 2 91 92 93 94 95 96 97 98 99 1 2 3 4 5 6 7 8 9 1 11 12 13 14 15 16 17 18 19 2 Source: Netherlands Bureau for Economic Policy Analysis. yardeni.com 2 Page 1 / February 4, 218 / Emerging Markets Trade
35 3 25 2 15 1 5-5 -1-15 -2 Figure 3. EMERGING MARKETS: MERCHANDISE TRADE BALANCE Trade Balances By Country Argentina 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 35 3 25 2 15 1 5-5 -1-15 -2 1 5 Brazil Jan 1 5-5 4 3 2 1-1 -2 1 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Chile 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 China -5 4 3 2 1-1 -2 1 5 5-5 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Source: Haver Economics. -5 Page 2 / February 4, 218 / Emerging Markets Trade
4 2-2 -4 Figure 4. EMERGING MARKETS: MERCHANDISE TRADE BALANCE Trade Balances By Country Hong Kong 4 2-2 -4-6 -8-1 2 1 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Hungary -6-8 -1 2 1-1 -1-2 1 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 India -2 1-1 -1-2 -2-3 6 4 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Indonesia -3 6 4 2 2-2 -2-4 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218-4 Page 3 / February 4, 218 / Emerging Markets Trade
1 Figure 5. EMERGING MARKETS: TRADE BALANCE Israel Trade Balances By Country 1-1 -1-2 -2-3 15 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218-3 15 1 South Korea Jan 1 5 5-5 6 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218-5 6 4 Malaysia 4 2 2-2 2 1-1 -2-3 -4 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Mexico 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218-2 2 1-1 -2-3 -4 Page 4 / February 4, 218 / Emerging Markets Trade
15 1 Figure 6. EMERGING MARKETS: TRADE BALANCE Trade Balances By Country Peru 15 1 5 5-5 -5-1 25 15 5-5 -15-25 -35-45 3 15-15 -3-45 -6 3 2 1 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Philippines 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Poland 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Russia -1 25 15 5-5 -15-25 -35-45 3 15-15 -3-45 -6 3 2 1-1 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218-1 Page 5 / February 4, 218 / Emerging Markets Trade
8 6 Figure 7. EMERGING MARKETS: TRADE BALANCE Trade Balances By Country Singapore 8 6 4 4 2 2-2 2 1 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 South Africa -2 2 1-1 -1-2 6 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218-2 6 4 Taiwan 4 2 2-2 -2-4 75 5 25-25 -5-75 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Thailand 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218-4 75 5 25-25 -5-75 Page 6 / February 4, 218 / Emerging Markets Trade
5 Figure 8. EMERGING MARKETS: TRADE BALANCE Trade Balances By Country Turkey 5-5 -5-1 -15 1-1 Jan 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Ukraine -1-15 1-1 -2-2 -3 2 1-1 -2-3 -4 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Vietnam Jan 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218-3 2 1-1 -2-3 -4 Page 7 / February 4, 218 / Emerging Markets Trade
Exports & Imports By Country 1 8 Figure 9. EMERGING MARKETS: MERCHANDISE EXPORTS & IMPORTS 1 8 6 Argentina 6 4 4 2 3 Exports Imports 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 2 3 2 Brazil Jan 2 1 1 1 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 1 8 6 4 Chile 8 6 4 2 2 3 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 3 2 China 2 1 1 yardeni.com 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Page 8 / February 4, 218 / Emerging Markets Trade
Exports & Imports By Country Figure 1. 7 EMERGING MARKETS: EXPORTS & IMPORTS 7 5 Hong Kong 5 3 1 15 Exports Imports 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 3 1 15 1 Hungary 1 5 5 6 5 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 6 5 4 3 India 4 3 2 2 1 1 25 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 25 2 2 15 Indonesia 15 1 1 5 5 yardeni.com 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Page 9 / February 4, 218 / Emerging Markets Trade
1 9 8 7 6 5 4 3 2 1 7 6 5 4 3 2 1 3 Figure 11. Exports & Imports By Country EMERGING MARKETS: MERCHANDISE EXPORTS & IMPORTS Israel Exports Imports 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 South Korea 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Jan 1 9 8 7 6 5 4 3 2 1 7 6 5 4 3 2 1 3 25 2 15 Malaysia 25 2 15 1 1 5 55 5 45 4 35 3 25 2 15 1 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Mexico yardeni.com 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 5 55 5 45 4 35 3 25 2 15 1 Page 1 / February 4, 218 / Emerging Markets Trade
Exports & Imports By Country 6 5 4 Figure 12. EMERGING MARKETS: MERCHANDISE EXPORTS & IMPORTS 6 5 4 3 Peru 3 2 1 Exports Imports 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 2 1 12 12 Philippines 7 7 2 3 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 2 3 2 Poland 2 1 1 6 5 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 6 5 4 3 Russia 4 3 2 2 1 yardeni.com 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 1 Page 11 / February 4, 218 / Emerging Markets Trade
Exports & Imports By Country 5 4 Figure 13. EMERGING MARKETS: MERCHANDISE EXPORTS & IMPORTS 5 4 3 Singapore 3 2 2 1 12 11 Exports Imports 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 1 12 11 1 9 South Africa 1 9 8 8 7 7 6 35 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 6 35 25 Taiwan 25 15 15 5 1 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 5 1 8 8 6 4 Thailand 6 4 2 yardeni.com 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 2 Page 12 / February 4, 218 / Emerging Markets Trade
3 2 Figure 14. EMERGING MARKETS: MERCHANDISE EXPORTS & IMPORTS Exports & Imports By Country 3 2 Turkey 1 1 Exports Imports 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 1 1 8 8 6 4 Ukraine 6 4 2 2 3 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 3 Jan 2 Vietnam 2 1 1 yardeni.com 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Page 13 / February 4, 218 / Emerging Markets Trade
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