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.
As world leaders gather in New York for the 81st UN General Assembly, the organisation faces wars, displacement, climate pressures and deepening ge...
Nearly 130,000 people have been forced from their homes in Yemen in recent weeks as fighting intensifies along the country’s west coast, acco...
Iranian judicial authorities have shut a French language centre in Tehran linked to the French Embassy, accusing it of “illegal activities&rd...
Houthi attacks target Riyadh amid concerns over Saudi oil supplies, as Iran says it will not reopen the Strait of Hormuz until its conditions are met and U.S. commitments are implemented, parliament speaker Mohammad Bagher Ghalibaf said on Sunday.
Saudi civil defence sent an all-clear on Saturday after issuing alerts for a second time for potential danger in Riyadh and the city of Al-Kharj east of the capital, amid an uptick in attacks by Iran-aligned Houthis on the Gulf country.
Iran's military has threatened to launch sustained attacks on U.S. bases and interests across the Middle East if Washington resumes military action against Tehran.
The death toll from an overnight Russian attack on the Kyiv region rose to four, including three children, Kyiv regional authorities said on Sunday. A mother and her two 3-year-old children were killed when a Russian drone strike hit a private home, the emergency service said.
Overnight Russian strikes on the city of Sumy, northeast Ukraine, have killed one woman and injured a man, the country's State Emergency Service has said.
Warren Buffett has stepped down as chairman of Berkshire Hathaway, marking the end of one of the most influential leadership tenures in corporate history and completing a succession process that has been years in the making.
Nigerian billionaire Aliko Dangote launched Africa's biggest-ever share sale on Monday, opening the oil refinery that has remade the country's fuel market to public ownership for the first time.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
Chinese Premier Li Qiang has called on American companies to expand their presence in China and pledged that Beijing would address their "reasonable concerns," as China looks to stabilise trade ties with Washington ahead of President Xi Jinping's planned visit to the U.S. later this month
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment