Paris: The Organization for Economic Cooperation and Development (OECD) reported that G20 international goods trade experienced a slight increase in the second quarter of 2025. This growth is attributed to a significant reduction in imports into the United States, following an earlier rise in imports during the first quarter. The total exports rose by 2.6% during this period, while imports remained largely unchanged.

According to Anadolu Agency, the OECD highlighted that the modest trade growth was influenced by the depreciation of the US dollar against most currencies and increased trade uncertainty following new tariff announcements. In the United States, exports increased by 2.7%, driven by higher sales of finished metal shapes and non-monetary gold. Conversely, imports fell by 18.4%, largely due to a reduction in purchases of industrial supplies.

The report also noted that lower oil prices negatively impacted Canada's exports, which contracted by 9.7%, while imports remained stable. Meanwhile, goods trade in Asia and Europe showed steady growth. China's imports and exports rose by 4.7% and 2.5%, respectively, buoyed by semiconductors and other high-tech goods. Similarly, South Korea saw a 7.1% increase in exports, propelled by high-bandwidth memory chips and semiconductors.

In Europe, Germany, France, and Italy recorded export increases of 7.4%, 6.0%, and 5.9%, respectively. The European Union as a whole saw imports rise by 6.3% and exports by 4.7%. The UK reported an 8.5% increase in imports due to higher purchases of cars and medications, while exports rose by 1.3%.

Contrasting trends were observed in South America, where exports from Brazil and Argentina declined by 3.6% each, while imports surged by 9.3%. In contrast, Australia's exports grew by 1.8%, mainly consisting of scrap metal and metallic ores.

Additionally, the services trade across the G20 showed robust growth in the second quarter, with exports and imports increasing by 4.7% and 2.9%, respectively. The G20 comprises the world's largest economies, including the US, China, Germany, Japan, India, the UK, and others.