In the second quarter of this year, trade in consumer goods G20 countries recorded modest quarterly growth compared to the previous quarter, while trade in services accelerated in light of growing uncertainty commercial. This was announced today by the World Trade Organization specifying that in the period April-June 2025 exports of goods, with a total value of 4,809.5 billion dollars, increased by +2.6% on the previous quarter, with a growth trend on the second quarter of 2024, which was +4,9%. Imports, with 4,820.5 billion dollars, did not marked no cyclical change mainly due to the sharp contraction in imports into the United States after the previous increase in imports in the first quarter of 2025, while the year-on-year change was +4.3%.

In the second quarter of this year, the value of exports of services of the G20 nations amounted to 1,841.9 billion, with a quarterly growth of +4.7% and a trend growth of +7.9%, while the value of imports amounted to €1,630.4 billion, with quarterly variations and trend of +2.9% and +6.7% respectively. The WTO has specified that, with regard to services, in the second quarter of 2025 commercial results were influenced by the depreciation of the dollar against most currencies, and from the growing trade uncertainty following the new announcements of further duties.

The WTO has announced that in the second quarter of this year in the United States, exports of goods increased by +2.7% compared to the previous quarter, supported by the increase in sales of finished metal sections and non-monetary gold, while imports to the United States have fallen sharply -18.4%, reflecting a decline in supply purchases Industrial. This follows the +18.9% increase in U.S. imports recorded in the first quarter of 2025. In North America, falling oil prices weighed on exports from Canada, which contracted by -9.7%, while exports from Canada Imports remained broadly unchanged. On the contrary trade in goods has grown solidly in large parts part of Asia and Europe. Exports and imports increased by +2.5% and +4.7% respectively driven by semiconductors and high-tech products. Analogously Korea's exports increased by +7.1% driven by semiconductors and high-bandwidth memory chips. In the European Union, exports and imports have grown respectively by +4.7% and +6.3%, with exports in increase of +7.4% in Germany, +6.0% in France and +5.9% in Italy. The United Kingdom recorded an increase of +1.3% in exports, while imports increased by +8.5% to due to the increased purchases of pharmaceutical products and cars. In contrast, exports declined in Argentina and Brazil (-3.6% for both). Australia's exports have increased by +1.8%, mainly for metal ores and scrap metal, while imports increased by +9.3%.

As for services, in the second quarter of 2025 in the United States United States, exports of services grew by +0.8% compared to to the previous quarter, while imports remained Stable. In Canada, exports increased by +2.9%, mainly driven by higher revenues from other business services, while imports increased by +4,7%. As with goods, trade in goods of services have experienced strong expansion in Europe. The Germany's exports and imports increased +9.8% and +10.6% respectively following a strong increase both travel revenue and expenses along with growth revenues from ICT and other business services. The trade in services has also grown in Italy (with a increase of +10.2% for exports and +9.8% for imports) and France (with an increase of +2.6% for exports and +3.5% for imports), both with a strong increase in travel. The United Kingdom recorded an increase in +9.1% of exports due to higher revenues from other business and financial services, while imports are increased by +5.8%. In East Asia, exports of services have increased significantly. Japan's exports are increased by +4.4%, supported by higher revenues from ICT, financial services and other business services. In driven by the surge in travel revenue, the exports of services increased by +3.0% in Korea and by +6.3% in China. In Brazil, exports increased by +2.8%, while imports decreased by +4.3%, reflecting mainly lower freight and service costs Insurance.