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International trade and balance of payments statistics

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‌Trade collapses in April but signs of bottoming-out emerging

 

18/06/2020 - Widespread lockdowns led to a record collapse in international trade in April 2020. For several major economies, merchandise trade contracted by 20% or more, reflecting falling prices in non-agricultural commodities and volume decreases across the board. Trade in motor vehicle and machinery and equipment products was severely impacted by supply chain disruptions and a collapse in demand but trade in computers and parts, as well as medical equipment and pharmaceuticals, held up comparatively well.

 

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