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International trade and balance of payments statistics

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Merchandise trade growth beginning to stabilise but services trade remains weak

20/10/2020 - International merchandise trade showed signs of stabilising in August and September, following the strong pick-up in June and July, but it remains around 10-15% below pre-crisis levels in most economies. Services trade, in particular travel and passenger services, remained fragile, with total services trade around 20% below pre-crisis levels. 

In Asia-Pacific, merchandise trade in China and Korea is above or close to 2019 levels but services continue to lag behind, especially travel and passenger transport services.

 

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