In the third quarter of 2025, trade in goods in most economies have grown, with exports and imports which recorded limited increases compared to the previous year. previous quarter. The Organization for Cooperation and Cooperation Economic Development (OECD) has announced that in the period July-September, trade in goods in the European Union strengthened, with exports up +3.2% on the second quarter of 2025 and imports by +2.9%, marking the third consecutive quarterly increase. In particular, exports increased significantly in France (+6.5%) and Italy (+4.5%), mainly driven by aeronautical products in France and means of transport and pharmaceutical products in Italy. The Germany has seen exports and imports increase +2.8% and +3.7% respectively. In the United Kingdom, exports decreased slightly (-0.3%), while exports imports (+2.1%) grew significantly in the sector aeronautics and motor vehicles. In East Asia, trade of goods showed mixed results: Korea recorded robust growth in both exports (+4.8%) and imports (+4.9%), supported by strong demand for semiconductors and automobiles; on the contrary, Japan recorded a decline in both exports (-1.6%) and imports (-2.0%), with lower sales of cars and medical products than have weighed on export performance. In China, the exports of goods decreased by -0.7%, while exports of goods decreased by -0.7%, while increased by +3.8% following the higher demand for aircraft, integrated circuits and other high-performance products technology. In the Americas, most of the economies in which data is available and recorded positive growth. In driven by increased shipments of mechanical machinery and exports, exports from Mexico increased by +3.3%. Argentina recorded an increase in exports of +10.6%, supported by agricultural and petroleum products. Similarly, exports grew by +4.3% in Brazil, with an increase in also due to the increased purchases of ships and boats, mineral fuels and fertilizers.

The OECD has announced that exports and imports of services continued to grow during the third quarter of 2025 in most countries and that travel has been a key factor for trade in services in different economies in the third quarter. In France, exports and Imports of services increased by +3.6% and +5.2%, supported in part by the strengthening of travel services and enterprises. In Germany, exports of services increased by +1.0% thanks to increased travel revenue, while imports decreased by -0.7%. In Italy, exports of services increased slightly by +0.2% and the Imports grew by +3.0%, partly driven by by the increase in spending on foreign travel. The United Kingdom has seen both exports and imports grow, with greater Revenues from intellectual property services to support for export growth. Exports of services fell sharply in Japan (-5.8%) due to the collapse in travel revenues and the reduction in revenues from financial services and other services to the enterprises. On the contrary, exports of services increased in Korea (+6.1%), thanks to the increase in revenue from travel, and in China (+6.2%), supported by travel, construction, property and other business services. India and Brazil too have experienced strong growth in trade in services, with the exports increased by +2.0% and +4.3% respectively.