World trade turnover slows down, but the growth is still double-digit

World trade turnover growth significantly slowed in value in this year's third quarter – reported the World Trade Organization (WTO) on Wednesday.

The import and export value grew by 18 percent, compared to the third quarter of 2009, which is a significant slowdown, compared to the 26 percent annual increase of the second quarter.

Compared to the second quarter, exports grew by 3 percent in the third quarter. However, significantly difference occurred among the regions. U.S. exports increased by 1 percent, while exports of China grew by 11 percent compared to this year's second quarter. Meanwhile, both the U.S. and Chinese imports grew by 5-5 percent – reports MTI.