G20 merchandise trade showed modest growth in Q2 2025, while services trade growth accelerated amid increased trade uncertainty

 


G20 merchandise trade, measured in current US dollars, delivered mixed results in Q2 2025, compared with Q1 2025. While exports grew by 2.6%, imports remained broadly unchanged. This was largely due to the sharp contraction in imports into the United States following the earlier surge in imports in Q1 2025. Preliminary estimates indicate sizeable growth in G20 trade in services,1 with exports and imports rising by 4.7% and 2.9%, respectively, in Q2 2025 (Figure 1 and 2). Trade outcomes in Q2 2025 were influenced by the depreciation of the US dollar against most currencies and rising trade uncertainty, following new tariff announcements.

In the United States, merchandise exports increased by 2.7%, supported by higher sales of finished metal shapes and non-monetary gold. However, imports to the US fell sharply, by 18.4%, reflecting a decline in purchases of industrial supplies. This follows the 18.9% increase in imports experienced in Q1 2025. Weaker oil prices weighed on exports from Canada, which contracted by 9.7%, while imports were broadly unchanged. By contrast, merchandise trade recorded solid growth across most of Asia and Europe. China’s exports and imports rose by 2.5% and 4.7%, respectively, boosted by semiconductors and high-tech products. Similarly, Korea’s exports expanded by 7.1%, driven by semiconductors and high-bandwidth memory chips. In the European Union, exports and imports grew by 4.7% and 6.3%, respectively, with exports increasing by 7.4% in Germany, 6.0% in France, and 5.9% in Italy. The United Kingdom recorded a 1.3% rise in exports, while imports surged by 8.5% due to stronger purchases of pharmaceuticals and automobiles. Conversely, exports decreased in Argentina and Brazil (minus 3.6% for both). Australia’s exports increased by 1.8%, mainly in metallic ores and scrap metals, while imports surged by 9.3%.

In the United States, services exports grew by 0.8%, while import growth remained flat. In Canada, exports rose by 2.9%, primarily driven by higher revenues from other business services, while imports increased by 4.7%. Similarly to merchandise, trade in services expanded strongly in Europe. Germany’s exports and imports surged by 9.8% and 10.6%, respectively, following a sharp rise in both travel receipts and travel expenditure along with growing revenues from ICT and other business services. Services trade also expanded in Italy (up by 10.2% for exports and 9.8% for imports) and in France (up by 2.6% for exports and 3.5% for imports), both recording large increases in travel. The United Kingdom recorded a 9.1% rise in exports, due to higher revenues from other business and financial services, while imports expanded by 5.8%. In East Asia, services exports rose significantly. Japan’s exports rose by 4.4%, supported by higher revenues from ICT, financial and other business services. Partly driven by soaring travel receipts, services exports increased by 3.0% in Korea and 6.3% in China. In Brazil, exports increased by 2.8%, while imports declined by 4.3%, mainly reflecting lower expenditures on freight transport and insurance services.


For more update:

Visit Us 👇

Website Link: https://statisticsaward.com/,

Nomination Link: https://statisticsaward.com/award-nomination/,

Registration Link: https://statisticsaward.com/award-registration/,

 


Comments

Post a Comment

Popular posts from this blog

Data experts race to preserve US government statistics amid quiet purges

Image
                                                After watching data sets be altered or disappear from U.S. government websites in unprecedented ways after President Donald Trump began his second term, an army of outside statisticians, demographers and computer scientists have joined forces to capture, preserve and share data sets, sometimes clandestinely. "There are trillions of bytes of data files, and I can't even imagine how many public dollars were spent to collect those data. ... But right now, they're sitting someplace that is inaccessible because there are no staff to appropriately manage those data," Jennifer Park, a study director for the Committee on National Statistics, National Academies of Sciences, Engineering, and Medicine, said during the conference hosted by the Association of Public Data Users (APDU). Their goal is to make sure they are available in t...
Read more

11 Essential Statistical Tools for Data-Driven Research

Image
  Best Statistical Tools, Statistical analysis is a crucial part of research, and statistical tools can streamline the process by helping researchers interpret the data in a simpler format. Here's the list of best statistical tools. 1. R In data analytics, R stands out among the top open-source statistical tools. Researchers in statistics use it. It provides high-quality toolboxes that can be used for many different things. The learning curve for the open-source programming language R is steep. R programming provides an efficient data handling and storage facility. R also has the best set available for array calculations. Thanks to its graphical tools for analysis, data visualization is another area where R shines. It is an all-inclusive high-level programming language with various functions, conditional loops, and decision expressions 2. Python Python is a versatile language with statistics modules. Its versatility and depth make it an excellent choice for creating analysis pipeli...
Read more

Trump Gets Rid of Those Pesky Statistics

Image
  For decades, Donald Trump has been at war with numbers. Some have capitulated more swiftly than others. His weight, his golf scores, and his net worth have long fallen in line. As I understand it, a Trump doctor appointment consists of going to a medical professional and announcing how much you would like to weigh and what your resting heart rate ought to be, and the wise doctor’s patriotic, good equipment cooperates to measure you correctly. (I have tried this myself without success. My scale is not a true patriot.) Mean, wicked scales that display unflattering numbers, and foolish, incompetent golf balls that do not traverse the correct distance, are promptly discarded and replaced with their more loyal counterparts. This is how value works! As Trump testified once in court, “My net worth fluctuates, and it goes up and down with the markets and with attitudes and with feelings, even my own feelings … Yes, even my own feelings, as to where the world is, where the world is...
Read more