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Merchandise trade slows in most major economies in second quarter of 2012

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30/08/2012 - Merchandise trade slowed in most major economies in the second quarter of 2012, with contractions in all major European economies, India, Russia and South Africa.

Imports and exports fell in France (by 4.7% and 2.5% respectively), Germany (by 3.5% and 2.5%), Italy (by 2.8% and 2.4%) and the United Kingdom (by 1.1% and 4.2%). 

Imports and exports also fell in India (by 13.0% and 4.3%), Russia (by 4.6% and 8.3%) and South Africa (by 0.7% and 8.3%). 

Imports also contracted in Canada (by 0.3%) and the United States (by 0.5%) but exports in both countries showed moderate growth (by 0.6% in Canada and 1.1% in the United States).