In the first quarter of 2025, the value of trade of G20 nations has increased, with exports and Imports that recorded cyclical growth respectively by +2.0% and +3.1% compared to the fourth quarter of 2024. Announcing this increase today, the Organisation for the Economic Cooperation and Development (OECD) explained that The increase in exports is mainly attributable to to the European Union, while imports were driven by United States.

In particular, North America recorded a performance mainly positive in the exchange of goods. In the United States exports increased by +3.5%, partly driven by from the increase in sales of aircraft and computers, while the Increased purchases of industrial supplies and pharmaceuticals fuelled the growth of imports (+19.0%), with the announcement of new tariffs by the US administration that It has probably prompted importers to speed up shipments in anticipation of higher future costs. In Canada, exports increased by +4.1% supported by higher sales motor vehicles and energy products, in particular oil crude oil whose price has increased due to the fall in stocks in the United States. Canadian imports have increased by +1.9%, largely due to higher purchases of high-speed vehicles, Engine and components.

Europe has recorded generally Positive. Growth in goods exports has gained momentum in the United Kingdom (+4.7%) and the European Union (+2.8%). The Italy's exports increased by +3.0% driven by mainly from pharmaceuticals and medical supplies, while Germany recorded an increase of +0.8% in exports and an increase of +2.0% in imports.

East Asia recorded trade results Mixed. China's exports grew by +1.1%, partly due to increased shipments of rare earths, while imports into China, on the other hand, decreased by -3.7%, reflecting the Fewer purchases of mechanical and electrical products, such as circuits Integrated. Japan recorded an increase of +3.7% in exports, mainly due to sales of ships and aircraft. In contrast, weak sales in the automotive sector weighed on Korean goods exports, which fell by -4,3%.

Preliminary estimates for the first quarter of this year also indicate a heterogeneous framework for trade in services of the G20 nations, with exports declining quarterly by -0.7% and imports increased by +1.0%. Exports of services increased by +0.4% in the United States despite a sharp decline in revenues from travel, while imports grew by +2.5%. On the contrary, both exports (-3.2%) whereas imports (-3.6%) contracted in Canada, with lower spending on travel to the United States weighing on the import data.

Trade in services continued to contract in France and Germany, but marked a recovery in Italy with exports and imports grew by +7.2% and +3.5% respectively. Similarly, the United Kingdom has seen growth in both exports (+1.7%) and imports (+4.6%).

Exports of services declined in Japan and Korea, while imports increased by +6.1% and by +2,3%. In China, exports of services have suffered a strong contraction (-6.0%) mainly due to the reduction in revenues deriving from transport and construction, while imports are growth of +4.5%. Exports of services also declined in Brazil (-1.2%) and India (-0.1%); the latter recorded also a collapse in import growth (-9.1%).