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Prices push value of G20 merchandise trade to new high in Q1 2022, while services growth slows

G20 merchandise trade
Based on figures in current prices (billion US dollars), s. a

24 May 2022 - Following six quarters of sustained growth, the value of international merchandise trade for the G20 reached a new high in Q1 2022. Exports and imports increased by 3.6% and 5.8%, as compared to Q4 2021 and measured in current US dollars. The increase is largely explained by rising commodity prices, as the war in Ukraine and COVID-19 containment measures in East Asia placed further pressure on the prices of traded goods and on already strained supply chains.

 

 

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