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G20 merchandise trade gains pace with broad growth in Q3 2025: OECD

24 Nov '25
2 min read
G20 merchandise trade gains pace with broad growth in Q3 2025: OECD
Pic: Shutterstock

Insights

  • G20 merchandise trade strengthened in Q3 2025, led by the EU's third straight quarterly gain.
  • France and Italy posted strong export growth, while Korea saw robust two-way trade.
  • China's imports rose despite weaker exports, and the Americas recorded broad improvements, with Argentina and Brazil showing notable export momentum.
Merchandise trade strengthened across much of the G20 in the third quarter (Q3) of 2025, with most major economies reporting moderate to solid quarterly gains. Merchandise trade in the European Union accelerated, with exports up by 3.2 per cent and imports by 2.9 per cent—marking the bloc’s third straight quarter of expansion.

France led with a 6.5 per cent export jump, while Italy’s 4.5 per cent rise reflected strong demand for pharmaceuticals. Germany posted balanced gains in exports and imports at 2.8 per cent and 3.7 per cent, whereas the United Kingdom saw exports edge lower.

East Asia recorded mixed performance. Korea delivered robust growth, with exports and imports up 4.8 per cent and 4.9 per cent. Japan contracted, with exports down 1.6 per cent and imports down 2 per cent. China’s exports slipped 0.7 per cent, but imports expanded 3.8 per cent, the Organisation for Economic Co-operation and Development (OECD) said in a press release.

Across the Americas, merchandise trade remained broadly positive. Mexico’s exports rose 3.3 per cent on stronger mechanical and electrical machinery shipments. Argentina recorded a 10.6 per cent export surge led by agricultural and petroleum-related products, while Brazil saw exports increase 4.3 per cent and imports strengthen.

Overall, Q3 2025 data highlight steady, broad-based momentum in G20 trade.

ALCHEMPro News Desk (MS)

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