G20 merchandise export growth stalled in Q2 2024, largely due to a decline in EU exports, while imports rose by 1.2 per cent after seven quarters of decline, driven by strong activity in the US and EU.
The UK saw a 2 per cent export drop and 8.3 per cent import surge.
In East Asia, China and Korea’s exports grew, while Japan’s exports fell by 2.1 per cent.