{"id":8912,"date":"2024-03-05T16:48:46","date_gmt":"2024-03-05T16:48:46","guid":{"rendered":"https:\/\/axxessintl.com\/?p=8912"},"modified":"2024-03-05T16:48:46","modified_gmt":"2024-03-05T16:48:46","slug":"g20-merchandise-trade-was-stable-in-the-fourth-quarter-of-2023","status":"publish","type":"post","link":"https:\/\/axxessintl.com\/en\/g20-merchandise-trade-was-stable-in-the-fourth-quarter-of-2023\/","title":{"rendered":"G20 merchandise trade was stable in the fourth quarter of 2023"},"content":{"rendered":"<p>According to the Organisation for Economic Co-operation and Development (OECD) G20 merchandise trade growth flattened in value terms in Q4 2023, after several quarters of decline.<!--more--><\/p>\n<p>The OECD notes there was little change in exports and imports compared to Q3 2023, as a robust recovery in East Asia was counterbalanced by a slowdown in Europe and North America.<\/p>\n<p>Export growth stagnated in the United States, with lower sales of automobiles being offset by higher sales of industrial supplies.<\/p>\n<p>In the European Union, exports were down by 0.6% driven by a decline in chemical products, while imports were down by 1.8%.<\/p>\n<p>Conversely, merchandise trade growth was strong in East Asia. China recorded a 0.6% increase in exports, in part driven by high tech products such as mobile phones, and a 3.9% increase in imports due to mechanical and electrical products.<\/p>\n<p>Exports increased in Japan and surged in Korea due to strong automobile sales and a recovery of the Korean semiconductor business. Higher sales of primary commodities fuelled export growth in Australia, Indonesia, and Brazil.<\/p>\n<p>Source: OECD<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Organisation for Economic Co-operation and Development (OECD) G20 merchandise trade growth flattened in value terms in Q4 2023, after several quarters of decline.<\/p>\n","protected":false},"author":15,"featured_media":4172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[579,104],"types-de-nouvelles":[],"class_list":["post-8912","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\/8912","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=8912"}],"version-history":[{"count":1,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/8912\/revisions"}],"predecessor-version":[{"id":8913,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/8912\/revisions\/8913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media\/4172"}],"wp:attachment":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media?parent=8912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/categories?post=8912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/tags?post=8912"},{"taxonomy":"types-de-nouvelles","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types-de-nouvelles?post=8912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}