OECD：2023年第一季度G20国际贸易统计_7页_723kb

G20 Trade Analysis: Q1 2023 Resilience

Overview

• Report Period: Q1 2023 (Reference Period Q1 2023)
• Coverage: G20 merchandise (goods) and services trade, expressed in current US dollars, seasonally adjusted.

Key Findings

Merchandise Trade

• Overall: Merchandise exports rebounded after two consecutive quarters of decline, increasing by 2.2% year-on-quarter, while imports decreased by 1.2% (Figure 1-2).
• Regional Analysis:
  • North America: Strong vehicle exports (up 0.0%-1.2%). United States exports grew by 1.0% in current US dollars.
  • European Union (EU): Exports rose 3.0%, led by machinery shipments from France, Germany, and Italy. Imports fell 1.1%, due to lower energy prices.
  • United Kingdom: Mixed results; exports grew due to machinery, while imports surged due to reduced service purchases.
  • China: Merchandise exports surged 8.6% following a steep drop in Q4 2022; imports declined by 0.7%, attributed to lower purchases of integrated circuits and energy prices.
  • Other Economies:
    • Argentina, Brazil, Australia: Exports growth impacted by primary commodity sales.
    • Japan, Korea: Export growth remained subdued.
    • Indicators like South Africa and Saudi Arabia showed varying signs of improvement or setbacks.

Services Trade

• Overall: Services exports and imports grew 2.4% and 4.9% respectively y-o-q (preliminary estimates).
• Drivers: Revival in tourism boosted passenger transport and travel services.
• Regional Analysis:
  • United States and Canada: Services exports remained sluggish.
  • European Economies: France and Italy saw strong exports, while Germany’s imports rose.
  • Asia-Pacific: Tourism boosted services exports in Australia, Japan, and Turkey. Korea and China experienced service export declines due to reduced shipping rates.
  • United Kingdom: Exports rose by 1.5%, but imports fell.
  • China: Travel imports jumped significantly due to removal of mobility restrictions, boosting Japan and Australia.

Methodology & Notes

• The dataset is derived from individual economy data converted to US dollars using period average exchange rates; preliminary figures may be based on monthly national data.
• Charts (Figures 1-2) and Tables (1-4) provide quarterly growth and level changes.