São Paulo – The Organisation for Economic Co-operation and Development (OCDE) reported this Monday (29) that foreign trade in goods by G20 countries went up in the first three months of 2017. It was the fourth straight quarter-on-quarter increase, and the highest since Q2 2011, the Paris-based multilateral body said.
Exports by G20 nations were up 3% in Q1 from Q4 2016 to USD 3.246 trillion. Imports increased by 4% to USD 3.141 trillion. In Q4 2016, exports had widened by 1.5% with imports going up 1.2%.
“G20 merchandise trade has almost regained its pre-crisis levels, but remains around 10% lower than the highs reached in 2011-2014,” the OCDE said.
It also said exports by all G20 countries increased in Q1, except France’s. The economic bloc comprises the world’s biggest economies.
OECD ascertained that foreign sales saw the sharpest increments in the BRIICS (Brazil, Russia, India, China, South Africa and Indonesia), with 10%-plus growth in Brazil and Russia.
Conversely, Q1 imports increased in all G20 countries, especially China (9.6%), Brazil (9.1%), South Korea (8.2%), India (6.5%) and Argentina (5%).
*Translated by Gabriel Pomerancblum
