G20 international merchandise trade at new highs in first quarter of 2018

Tags:
2018-05-30

G20 international merchandise trade, seasonally adjusted and expressed in current US dollars, increased for the eighth straight quarter, and at its fastest pace in two years, to reach new highs in the first quarter of 2018. G20 exports grew by 5.3% and imports by 5.8%.

G20-trade-500-05-2018.fw__0.png

Robust export growth in the first quarter of 2018 occurred in Brazil (13.4%), Russia (12.8%), Argentina (12.7%), Australia (11.3%), China (9.5%), and Korea (7.6%). Exports grew more moderately in the G7 economies, 5.5% in the United Kingdom, 4.6% in Germany, 3.3% in Italy, 2.8% in France, 2.7% in the United States, 2.6% in Japan and 1.2% in Canada. Export growth contracted in India (minus 3.8%), Indonesia (minus 1.1%) and Turkey (minus 0.5%).

All G20 economies recorded positive growth for imports in Q1 2018. The highest growth occurred in China (13.7%), South Africa (13.5%), Korea (10.8%), Brazil (7.8%), Russia (6.4%) and Australia (6.1%).

Source: Organization for Economic Co-operation and Development

  • 224 reads