The Organisation for Economic Co-operation and Development (OECD) reported on Tuesday that G20 countries’ international goods trade rose slightly in the second quarter of 2025, mainly because imports into the United States fell sharply after rising in the first quarter.
Overall exports rose 2.6% quarter-on-quarter, while imports remained broadly unchanged. The OECD noted that depreciation of the U.S. dollar against most currencies and growing trade uncertainty following new tariff announcements also influenced trade outcomes.
In the U.S., exports increased by 2.7%, supported by higher sales of finished metal products and non-monetary gold, while imports fell 18.4% due to a decline in industrial supply purchases.
Canadian exports fell 9.7% due to lower oil prices, with imports largely unchanged.
Elsewhere, trade in Asia and Europe showed steady growth. China’s imports and exports rose by 4.7% and 2.5% respectively, driven by semiconductors and other high-tech goods. In South Korea, exports increased 7.1%, supported by high-bandwidth memory chips and semiconductors.
In Europe, exports rose 7.4% in Germany, 6.0% in France, and 5.9% in Italy. Across the European Union, imports increased 6.3% and exports 4.7%. In the UK, imports grew 8.5% and exports 1.3%, driven by higher purchases of cars and pharmaceuticals.
Brazil and Argentina saw exports fall by 3.6% each, while imports rose 9.3%. Australian exports increased 1.8%, largely in the form of scrap metal and metallic ores.
The services sector also recorded strong growth across the G20 in the second quarter, with exports up 4.7% and imports up 2.9%.
G20 members include the world’s largest economies: the U.S., China, Germany, Japan, India, the UK, France, Italy, Australia, Indonesia, Russia, Türkiye, Brazil, Canada, Mexico, South Africa, South Korea, Saudi Arabia, and Argentina. The group also comprises two intergovernmental organisations, the EU and the African Union.
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The Philippines remains under a "severe threat" from China despite recent efforts by Washington and Beijing to ease tensions, Philippine Defence Secretary Gilberto Teodoro said on Saturday (30 May).
Russia has recalled its ambassador to Armenia for consultations, citing Yerevan's growing rapprochement with the European Union. The move is seen as the latest sign of deteriorating relations between the longtime allies ahead of Armenia's parliamentary election on 7 June.
Thai rescuers say five people have been pulled alive from a flooded cave in remote Laos, where seven villagers became trapped after heavy rain cut off access underground.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 30 May, covering the latest developments you need to know.
A group of Azerbaijani civil society organisations has called for increased scrutiny of Swiss building materials giant Holcim, citing court rulings and ongoing investigations linked to its subsidiary Lafarge's activities during the Syrian conflict.
The World Health Organization (WHO) says ongoing conflict, funding pressures and international travel restrictions are complicating efforts to contain a fast-growing Ebola outbreak in the Democratic Republic of Congo (DRC).
Thai rescuers say five people have been pulled alive from a flooded cave in remote Laos, where seven villagers became trapped after heavy rain cut off access underground.
Russia and Kazakhstan signed 15 agreements during President Vladimir Putin’s state visit to Astana on Thursday (28 May), including deals on Kazakhstan’s first nuclear power plant and expanded oil cooperation with Russia.
European companies are continuing to deepen their presence in China, with nearly seven in ten firms maintaining or expanding their supply chains despite global efforts to diversify, according to a new survey by the EU Chamber of Commerce.
BP has removed its chair, Albert Manifold, with immediate effect, citing concerns over governance and conduct. The company said its board had unanimously decided that Manifold should no longer serve as chair or director.
The dual-class share structure outlined in SpaceX’s initial public offering (IPO) filing, which gives chief executive Elon Musk outsized control, has reignited one of Wall Street’s longest-running debates over corporate governance.
Kevin Warsh will be sworn in as chair of the U.S. Federal Reserve on Friday as policymakers consider higher interest rates to tackle inflation linked to the Trump administration’s Iran policy.
A government-mediated agreement has suspended an 18-day walkout by about 48,000 Samsung union members, easing fears of damage to South Korea's economy and global chip supply.
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