In the last quarter of 2023, the cyclical change of the G20 nations' freight traffic has flattened out having the value of exports and imports recorded small differences, respectively of +0.1% and -0.1%, on the third quarter of the year. This was announced today by the Organization for the Economic Cooperation and Development (OECD), explaining that in the fourth quarter of 2023, the robust recovery in East Asia is was offset by a slowdown in Europe and North America.

In particular, export growth has remained stagnant in the U.S., where lower car sales were offset by higher supply sales Industrial. In the European Union, exports fell by -0.6% due to the decline in chemicals, while imports decreased by -1.8%. Conversely, the growth of trade in goods has been elevated in East Asia: China has recorded an increase in exports of +0.6%, driven by starts from high-tech products such as mobile phones, and a increase in imports of +3.9% due to mechanical and Electric. Exports increased to Japan and Korea thanks to strong car sales and the recovery of the Korean semiconductor business. Higher sales of materials primary elections fuelled export growth in Australia, Indonesia and Brazil.

In the fourth quarter of last year, the Italy's exports and imports of goods marked both increases of +0.9% compared to the previous quarter €171.7 billion and €158.6 billion Dollars.

On the services trade side, the estimates preliminary figures for the fourth quarter of 2023 indicate growth in the compared to the previous quarter: it is considered that the exports and imports of services have grown by +1.6% and +1.3% respectively as a result of the decrease in -0.9% in exports and an increase of +0.2% in imports in the third quarter of last year. In the fourth U.S. exports increased by +2.5% in the quarter reflecting higher revenues from most services, while Imports increased by +2.0% due to higher travel and transportation costs. In Germany, exports are growth of +1.6%, reflecting higher revenues from services trade and IT, and imports increased by +2.0%, partly driven by higher travel expenses abroad. On the contrary, exports of services have declined sharply in France (-3.8%) and the United Kingdom (-6.2%), while the imports fell moderately in both countries. The Surge in Revenue for Property Services has stimulated the growth of exports in Japan. Exports of services have also increased Korea and China, reflecting a broad-based recovery in the most categories of services.

In Italy, the service trade recorded an increase in the +0.4% increase in exports and a growth of +2.0% for imports, with their value being 37.0 billion and $40.0 billion.

G20 trade in goods contracted in terms of value in 2023 as a whole, with exports and imports declining -3.3% and -5.5% respectively. On the contrary, estimates preliminary reports suggest that trade in services is continued to expand in 2023, with exports and imports up by +7.3% and +10.5% respectively.