Merchandise exports from G20 countries, with a total value of 4,809.5 million dollars, increased in the second quarter of the year by an anemic 2.6% compared to the previous quarter, according to data from the World Trade Organization (WTO). The year-on-year growth rate stands at 4.9%.
On the other hand, according to the WTO, imports, at 4,820.5 million dollars, remained unchanged, mainly due to the sharp 18.4% drop in U.S. imports, following a sudden increase in the previous quarter. Meanwhile, the year-on-year growth rate was 4.3%.
In the second quarter of 2025, G20 merchandise exports grew an anemic 2.6 %
Returning to exports, the WTO highlights solid development in Asia and Europe. China recorded an increase of 2.5%, Korea of 7.1%, and the European Union of 4.7 %.
From April to June 2025, services trade showed greater dynamism than merchandise exports. According to the WTO, the value of services exports from G20 countries stood at 1,841.9 million dollars, 4.7% higher than the previous quarter and 7.9 % higher than the same period last year. Imports, on the other hand, reached 1,630.4 million dollars, with a 2.9% quarterly increase and a 6.7% year-on-year increase. The WTO attributed this boost to the depreciation of the dollar and trade uncertainty, factors that are driving companies to increase their dependence on services.
In Europe, services exports from Germany grew by 9.8 % and those from Italy by 10.2 %, driven by tourism and professional services. Notable advances were also recorded in Asia: Japan (+4.4 %), Korea (+3.0 %), and China (+6.3 %), mainly thanks to the dynamism of tourism and the ICT sector.
