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G20 merchandise trade reaches record high in first quarter of 2021 while trade in services growth appears to moderate

25 May 2021 - Continuing the recovery initiated in the third of quarter of 2020, international merchandise trade for the G20 reached record levels in Q1 2021, as measured in seasonally adjusted current US dollars. Compared with the previous quarter, exports and imports increased by 8.0% and 8.1%, respectively. Based on preliminary information available for some G20 economies, services export and import growth for the G20 aggregate is estimated at around 4.4% and 2.5% for Q1 2021, respectively, measured in seasonally adjusted current US dollars. 

 

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