Will the oil shock change global trade imbalances | FT #shorts
Financial Times·2026-04-22 04:00
So, Asia has these huge surpluses with the rest of the world, but they're also oil importers. So, how could the oil price shock affect these imbalances. I have trouble thinking of a sustained shock that is big enough to materially change the magnitude of the Asian surplus or even to change the dynamics.Going into the shock, let's look at first quarter. Uh and you know, China's imports were up, but China's exports were growing like gangbusters again. 15% Q1 over Q1 nominal export growth, bigger in volume ter ...