The Organisation for Economic Co-operation and Development (OECD) reports that G20 merchandise trade declined in the fourth quarter of 2024 with exports and imports falling by 0.6% and 1.0%, respectively, compared with the third quarter of 2024.<\/p>\n
In 2024, total G20 merchandise exports increased by 0.7% and imports decreased by 0.2%, compared with 2023.<\/p>\n
In the United States, merchandise exports declined by 2.2% in Q4 2024, primarily due to reduced shipments of capital goods, including computers and aircraft. Meanwhile, imports rose by 0.7%, driven by increased purchases of industrial supplies, metals, and gold.<\/p>\n
In Canada, high sales of gold and other precious metals supported export growth (0.9%), while imports declined by 4%, mainly in motor vehicles and various metal products.<\/p>\n
Following strong growth in Q3 2024, exports in the European Union contracted by 2.6% in Q4 2024, with lower sales of automobile and parts weighing on exports growth for Germany, France, and Italy. Merchandise imports also fell (by 2.7%), partly reflecting weaker demand for pharmaceuticals and organic chemicals in Germany and reduced energy purchases in France.<\/p>\n
While China’s exports increased by 4.3%, supported by high sales of electronics, particularly mobile phones and computers, imports declined by 0.7%, mainly those of agricultural products, such as soybeans, as well as crude petroleum.<\/p>\n
India experienced strong growth in both imports and exports, with exports rising by 8.2%, driven by increased sales of electronic goods and ready-made garments.<\/p>\n
Source: OECD<\/p>\n","protected":false},"excerpt":{"rendered":"
The Organisation for Economic Co-operation and Development (OECD) reports that G20 merchandise trade declined in the fourth quarter of 2024 with exports and imports falling by 0.6% and 1.0%, respectively, compared with the third quarter of 2024.<\/p>\n","protected":false},"author":15,"featured_media":11281,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[579,104],"types-de-nouvelles":[],"class_list":["post-11877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-custom-brokerage","tag-oecd","tag-organisation-for-economic-co-operation-and-development"],"_links":{"self":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/11877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/comments?post=11877"}],"version-history":[{"count":1,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/11877\/revisions"}],"predecessor-version":[{"id":11878,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/11877\/revisions\/11878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media\/11281"}],"wp:attachment":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media?parent=11877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/categories?post=11877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/tags?post=11877"},{"taxonomy":"types-de-nouvelles","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types-de-nouvelles?post=11877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}