In the third quarter of this year, the value of trades of the G20 nations, measured in dollars, is increased, with exports recording growth quarterly growth of +0.4% compared to the previous quarter and with the - the Organization for the Promotion of Agriculture and Tourism announced today Economic Cooperation and Development - which have risen more pronounced by +1.5% largely driven by by the increase in trade in North America and Europe. As for the Annual percentage changes, in the period July-September of 2024 the value of exports showed an increase of +2.2% compared to the third quarter of last year, while the value of the increased by +2.5%.

In addition, preliminary OECD estimates indicate that the G20 trade in services continued to grow in the third quarter of 2024, with exports marking a Quarterly growth of +2.8%, supported by strong growth exports to China, while imports of services are increased by +1.4%. The trend changes were +11.1% and +8.2% respectively.

The OECD has announced that in the third quarter of 2024, trade in goods in the United States grew significantly compared to the quarter for both exports (+2.5%) and imports (+3.1%), fuelled by significant trade in capital goods between including semiconductors. Canada's exports increased by +0.9%, driven by higher sales of mineral products and consumer goods consumption. The European Union has seen exports of goods expand by +1.8% after several quarters of weak growth, with key contributions from Germany (pharmaceuticals) and Italy (clothing and food items). Imports of the Germany increased by +3.3% driven by the demand for electrical machinery, clothing, and organic chemicals. In Asia, Japan recorded export growth of +4.9% supported by electrical machinery and machinery for the processing of metals and scientific instruments, while imports are increased by +3.4%, driven in part by clothing and telecommunications equipment. Korea recorded a modest growth in exports of +0.1%, while the increased by +1.9% mainly due to the energy products. China, on the other hand, contracted, with Exports down -3.4%, largely due to demand weaker than furniture and plastics, while the decreased by -2.0% mainly due to the reduction in crude oil purchases. Exports increased by +3.5%, led by animal oils and while imports increased by +11.8% driven by machinery and mechanical appliances. Australia's exports increased by +0.7% supported by industrial supplies and processed foods, while imports fell by -0.5% reflecting reduced demand for fuels, cars and industrial transport equipment.

In the third quarter of 2024 exports of services increased by +1.3% in the US, with increases in the insurance services sectors and other business services that offset a decline in transport revenues, while imports increased by +2.3%, driven by higher payments for services insurance and intellectual property policies. Exports increased by +1.3%, supported by the services of transport and business sectors, while imports grew by +2.0% mainly driven by travel. Exports of services grew significantly in Germany (+3.8%) and France (+4.1%), in particular in transport and business services. In the Kingdom United Kingdom, imports soared by +3.9%, reflecting higher expenditure on intellectual property and ICT services, while exports grew by +0.7%. Japan has recorded an increase of +0.2% in exports, with higher Revenue from intellectual property and business services offset by weaker revenues from transport and travel, while imports rose by +1.5% due to higher expenses for travel and business services. Korea has seen the exports increased by +4.0%, driven by transport (in of goods), intellectual property and services to while imports grew by +3.2% driven by transportation, travel and financial services. China's exports recorded a significant increase (+16.4%), fuelled by strong Revenue from transport and travel, but imports declined significantly by -4.2%.