Merchandise trade and trade in commercial services: Merchandise trade

The dollar value of merchandise trade fell by 13 per cent in 2015. This was mostly caused by a fall in the value of world exports of fuels and mining products, which declined at a dramatic rate (-25 per cent compared with -6 per cent in 2014). The decline was due to a sharp decrease in prices and a significant decrease in demand. Exports of agricultural products fell by 11 per cent, while exports of manufactured goods declined by 5 per cent.