November 20, 2023

Intermediate goods exports continue to fall in second quarter of 2023

World exports of intermediate goods (IGs) fell by 8% year-on-year in the second quarter of 2023 to US$ 2.3 trillion, continuing the slump recorded since last year amid stagnating commodity prices and a marked contraction in global consumer demand due to high inflation and interest rates. The decline affected all regions and most IG product categories.

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