2023-06-01-OECD-2023年第一季度G20国际贸易统计_7页_723kb

G20 Trade Resilience in Q1 2023

Merchandise Trade

• Overall Growth: G20 merchandise exports rebounded in value terms after two consecutive quarters of decline (2.2% quarter-on-quarter increase vs. Q4 2022). Imports contracted by 1.2%.
• Key Drivers:
  • China: Export growth of 8.6%, driven by robust sales of steel and electronics (rebound from 7.1% fall in Q4 2022); imports declined due to lower integrated circuit purchases and energy prices.
  • North America: Vehicle and part exports expanded in the US, Canada, and Mexico.
  • EU: Exports rose by 3.0% (driven by machinery shipments from France, Germany, Italy); UK exports remained flat due to offsets between machinery/transport growth and chemicals/fuels decline.

Services Trade

• Overall Growth: Services exports grew by 2.4% (preliminary estimate) after falling in Q4 2022; imports rose by 4.9% (excluding preliminary estimates).
• Key Factors:
  • Tourism recovery boosted passenger transport and travel exports (e.g., Türkiye services exports surged by 18.1%).
  • Strong travel expenditure fueled services import growth in Canada (+3.4%), France (+7.3%), Italy (+8.4%), and Türkiye.
  • The UK saw import contraction due to reduced computer and business services purchases.

Regional and Country-Specific Highlights

• Japan & Korea: Services trade growth remains subdued due to lower shipping rates for export-heavy countries like China and Korea.
• Energy Prices: A key factor in imports (EU and G20 declined).
• Other Countries: Argentina, Indonesia, and Australia faced export declines due to reduced primary commodity sales.

Methodology Notes

• Data compiled by the OECD, with some preliminary estimates for Q1 2023.
• Figures reflect seasonally adjusted values in current US dollars.

Note: For in-depth data, refer to the OECD reports.