G20 area’s merchandise exports & imports fall by 3.5%, 3.1% in Q4 2022

G20 merchandise trade contracted in value terms in the fourth quarter (Q4) of 2022, compared to the previous quarter and measured in current US dollars. Continuing the downward trend from its peak in Q2 2022, exports and imports declined by 3.5 per cent and 3.1 per cent, respectively, reflecting sluggish global demand and decreasing energy prices.