baltic dry index

Brown Weeds in world trade

It's a very strange world recovery that doesn't show up in world trade numbers.

(Bloomberg) -- Japan’s exports fell for a tenth straight month in July as demand from all of the nation’s major markets deteriorated.
Shipments abroad tumbled 36.5 percent from a year earlier, steeper than June’s 35.7 percent drop, the Finance Ministry said today in Tokyo.

It isn't just Japan. Hong Kong is also far below last year's recessionary levels, and worse than last month. Mainland China is far below last year's recessionary levels as well.