Trade declined in G20 countries, including Mexico, according to the Organization for Economic Co-operation and Development reports

They have recorded a serious decline in trade between these countries, which accounts for 85% of the world’s GDP

Within the framework of the meeting of trade and investment ministers of the Group of Twenty (G20), to which Mexico belongs, the Organization for Economic Co-operation and Development (OECD) announced that there was a decrease in commodity exchange services between countries.

The G20 consists of: Germany, Saudi Arabia, Argentina, Australia, Brazil, Canada, China, the United States, France, India, Indonesia, Italy, Japan, the United Kingdom, the Republic of Korea, Mexico and Russia. South Africa, Turkey, the United States and the European Union representatives who meet in Jaipur, Indiatoday and tomorrow.

those countries It accounts for nearly 85% of the world’s GDP and more than 75% of world tradeIn addition, two-thirds of the world’s population lives in these economies.

The Organization for Economic Cooperation and Development stated that exports decreased by 3.1% and imports decreased by 2% in the G20 countries in the second quarter of 2023, compared to 2023, which “reflects the moderation of global demand and the decline in commodity prices, especially energy.” The Organization for Economic Co-operation and Development said.

decrease was observed in US trade; Decreased exports from Canada, the European Union, France and China.

The initial estimates marked a turning point for the process to begin Slowing trade in services for the G20 countries in the second quarter of 2021 compared to the previous quarter, measured in dollars.

For example, exports grew in the second quarter by 0.2% and negative numbers of 0.6% in imports in those three months, which contrasts with the growth of 4.5% in exports in the first quarter and 8.8% in imports in those same months. .