International trade and balance of payments statistics

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G20 merchandise trade declined in Q2 2023, and services trade appears to have slowed

24 August 2023 - G20 merchandise trade contracted in value terms in Q2 2023, compared to the previous quarter and measured in current US dollars (Figure 1 and 2). Exports and imports fell by 3.1% and 2.0%, respectively, reflecting subdued global demand and decreasing commodity prices, notably for energy.  



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