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Acceleration in merchandise trade bolsters recovery in G20 trade, but growth in services trade eases

G20 merchandise trade
Based on figures in current prices (billion US dollars), s. a
G20 merchandise trade, Current prices (billion USD), seasonally adjusted, quarterly levels

24 Feb 2022 - Following a slow third quarter, G20 international merchandise trade accelerated in value terms in Q4 2021, partly due to high commodity prices, in particular for energy. While shipping costs kept the value of trade in transport services at record highs, trade in other services showed a slowdown notably in Europe, possibly reflecting a tightening of Covid-19 related restrictions towards the end of the year.



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