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G20 merchandise exports rebound in Q1 2024, and travel boosts growth in services trade

28 May 2024 - After declining in 2023, G20 merchandise exports rebounded in Q1 2024, as measured in current US dollars. Compared to Q4 2023, exports increased by 1.9%, boosted by strong export growth in China, while imports contracted by 0.2%, partly reflecting decreasing energy prices. According to preliminary estimates, G20 services trade continued to expand in Q1 2024. G20 exports and imports are estimated to have grown by 2.2% and 3.5% in Q1 2024, respectively, partly reflecting rising international travel.

 

 

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