After the decline recorded in 2023, in the first quarter of 2024 the value of G20 nations' exports of goods, measured in dollars, recorded a cyclical change +1.9% on the previous quarter, having been supported by the - announced today the Organisation for Economic Co-operation and Development. Economic Development (OECD) - strong export growth in China, while imports contracted by -0.2% partly reflecting the decline in energy prices.

Moreover, according to preliminary estimates, in the first three months of This year, the value of G20 services trade has continued expand, with exports and imports of services grew by +2.2% and +3.5% respectively compared to to the last quarter of 2023, partly as a result of the increase in international travel.

In particular, the OECD reported that in the first quarter of 2015, 2024 exports of goods increased by +1.4% in the United States United, driven by higher sales of consumer goods and products while exports fell by -0.6% in Canada. Capital goods, and in particular computers and semiconductors, are States as the main contributors to import growth in the U.S. and Canada. Exports to the European Union are increase by +0.9%, mainly due to higher sales of chemicals in France and Germany, while imports decreased (-0.6%), although less sharply than in the previous year. previous quarter, due to the reduction in purchases of energy. In the United Kingdom, both exports and imports are are contracted due to the decline in trade in machinery and transport equipment. Exports of goods have grown strongly in East Asia, with steel and machinery fuelled export growth to China (+6.6%) and Semiconductors and computers that drove exports Korean. On the contrary, weak car sales weighed heavily on export growth to Japan (-2.1%). The minors Commodity sales had an impact on exports from Australia (-2.1%), Indonesia (-0.9%) and Brazil (-3,5%). As for Italy, exports recorded a -0.1% and imports a more -2.6%.

In the first quarter of 2024, exports of services are growth of +1.6% in the USA, due to higher revenues from travel and financial services, while imports increased significantly (+4.1%) supported by the travel, transport and financial services. In Canada, exports of services have stagnated while Imports increased by +1.3%. Driven by lower revenues financial services and other business services, German exports contracted slightly (-0.7%), while Imports increased by +1.4% mainly reflecting higher travel expenses. In France, the increase in revenue from transport and travel increased exports (+1.9%), while significant travel expenses also stimulated imports (+2.0%). The United Kingdom recorded a solid growth in exports (+3.2%) thanks to increased sales travel and transport services, while imports are increased by +1.7% on the back of strong spending on transport and other business services. In Japan, exports of services fell (-8.3%) reflecting the sharp decline in revenues from the intellectual property products and other services to businesses, while imports increased by +1.5%. In India, exports and imports of services increased by +2.4% and +6.6% respectively. In China, the trade of services has increased, with the increase in travel expenses stimulated imports (+6.3%) and higher revenues in all the categories of services that increased exports (+9.9%). In Italy, there has been a marked increase in exports of services (+7.4%) and significant growth in imports (+2,5%).