G20 total international merchandise trade continues to fall in Q3 2015

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Paris, 03 December 2015 News Release G20 International Merchandise Trade Statistics

1 G20 total international merchandise trade continues to fall in Q3 2015

G20 total international merchandise trade, seasonally adjusted and expressed in current US dollars, continued to contract in the third quarter of 2015, albeit at a slower pace than in previous quarters. Exports fell for the fifth straight quarter (by 0.9% compared to 1.3%, and 7.3% in the previous two quarters) while imports fell for the sixth straight quarter (by 0.8%, compared to 1.1% and 8.5% in the previous two quarters).

The United States recorded a decline in both exports (by 1.0%) and imports, although the fall in imports was marginal. In other NAFTA economies, exports picked up in Canada (by 0.8%) while imports contracted (by 3.7%), whereas in Mexico both imports and exports grew (by 0.9%).

Exports also grew (by 1.3%) in China, for the first time in a year, but imports continued their recent downward trend, falling (by 1.2%) to the lowest levels since early 2011. In other parts of Asia, exports continued to trend downwards although only marginally in Japan (by 0.5%) and at a higher pace in Korea (by 1.6%). In Indonesia imports and exports fell by more than 7%, while exports also fell significantly in India (by 3.9%).

Exports and imports by the European Union (EU28) fell for a fifth consecutive quarter, although only marginally (by 0.4% and 0.3% respectively). Exports fell strongly however in the United Kingdom (by 5.0%), offsetting the strong gains made in the previous quarter, while in Germany exports and imports grew for the first time since the second quarter of 2014.

G20 total international merchandise trade Seasonally adjusted, current prices and US$ billion

Values Percentage variations

G20: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union.

The G20 aggregate is derived as the seasonally-adjusted data of the individual economies.

1500 2000 2500 3000 3500 4000

G20 Exports G20 Imports

-25 -20 -15 -10 -5 0 5 10 15

Exports Imports

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G20 total international merchandise trade Seasonally adjusted, current prices and US$ billion

Quarters 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 G20 Export 3528.2 3622.0 3593.1 3640.7 3632.5 3507.5 3250.0 3207.9 3180.0 Import 3582.5 3641.3 3693.7 3678.1 3648.8 3504.6 3206.2 3171.3 3146.1

Argentina Export 20.3 19.6 18.4 19.3 17.9 16.4 16.0 15.2 15.6

Import 19.0 17.7 17.3 17.3 15.8 14.9 14.8 15.3 15.4

Australia Export 61.8 63.7 64.7 60.4 59.7 55.8 51.5 46.4 46.9

Import 57.1 57.1 58.0 59.3 57.2 53.5 50.8 52.6 48.8

Brazil Export 58.2 62.8 58.7 58.8 57.7 50.1 50.3 49.6 45.8

Import 59.0 58.2 60.5 57.5 57.9 53.5 51.5 44.1 40.2

Canada Export 113.5 115.4 114.1 120.3 123.1 117.9 104.4 102.9 103.7

Import 115.7 115.1 111.8 117.8 118.5 115.5 106.8 108.2 104.2

China Export 536.5 560.8 541.7 574.4 606.7 605.9 582.4 563.4 570.9

Import 485.2 489.7 508.4 486.4 489.8 477.0 420.8 421.6 416.6

EU 28 Export 1520.4 1563.1 1572.1 1575.3 1538.8 1476.7 1352.7 1350.4 1344.8 Import 1479.5 1528.9 1540.6 1550.8 1517.8 1427.8 1312.3 1300.6 1296.6

France Export 143.7 148.7 149.4 148.4 143.8 140.2 127.3 127.4 125.6

Import 170.5 174.4 174.1 174.0 172.2 159.0 144.3 142.2 142.5

Germany Export 362.4 376.3 377.9 381.8 376.9 361.7 334.1 332.7 335.8

Import 295.6 305.5 309.9 310.8 301.0 285.2 264.4 260.0 264.7

India Export 80.0 80.2 79.3 81.9 81.1 80.5 67.9 68.3 65.6

Import 110.3 108.5 110.7 113.6 121.3 117.1 96.2 99.5 101.8

Indonesia Export 42.7 46.9 45.9 44.9 43.7 42.0 40.5 39.7 36.6

Import 44.9 46.1 45.7 45.5 43.7 43.6 38.8 36.2 33.5

Italy Export 130.0 133.7 136.0 136.0 132.1 126.9 116.4 114.4 113.5

Import 120.9 122.9 121.9 123.1 118.9 112.1 102.8 103.6 101.4

Japan Export 179.5 179.6 171.9 172.3 176.5 169.7 163.0 155.5 154.6

Import 209.5 213.7 217.5 201.4 204.7 189.0 170.7 161.4 163.7

Korea Export 138.8 142.4 142.9 142.4 143.9 143.4 138.6 132.3 130.2

Import 126.9 131.8 133.5 130.5 133.2 128.8 111.9 110.3 109.3

Mexico Export 96.0 95.7 96.3 99.5 100.3 100.6 95.8 95.3 96.2

Import 95.0 93.2 98.2 100.8 99.9 101.1 98.2 99.6 100.5

Russia Export 131.7 131.6 131.0 132.3 126.0 109.6 95.9 91.3 79.0

Import 83.3 83.3 86.6 81.3 76.2 66.7 54.0 48.6 47.8

Saudi Arabia Export 96.2 97.9 97.3 93.7 88.1 74.6 55.4 59.9

Import 41.9 41.0 40.9 40.3 39.9 41.7 35.0 36.1

South Africa Export 20.9 20.4 20.6 19.6 19.5 19.3 18.3 19.1 17.6

Import 25.7 24.1 24.8 24.2 24.2 23.8 22.9 21.0 20.5

Turkey Export 38.1 38.5 40.4 40.0 39.3 38.3 37.3 36.4 34.7

Import 60.7 63.3 60.6 60.7 59.2 61.9 54.9 52.9 48.6

United Kingdom Export 116.7 119.5 121.6 119.9 117.5 115.1 106.5 111.2 105.7

Import 162.7 164.9 168.4 170.9 170.1 164.0 154.8 152.7 150.7

United States Export 393.5 403.4 397.9 405.6 410.3 406.8 380.2 382.2 378.2

Import 569.0 569.6 578.6 590.7 589.6 588.8 566.5 563.5 562.8

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G20 total international merchandise trade Percentage variations

Quarters 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3

G20 Export 2.7% -0.8% 1.3% -0.2% -3.4% -7.3% -1.3% -0.9%

Import 1.6% 1.4% -0.4% -0.8% -4.0% -8.5% -1.1% -0.8%

Argentina Export -3.4% -5.9% 4.4% -7.2% -8.3% -2.6% -5.1% 2.8%

Import -6.6% -2.3% 0.0% -9.0% -5.5% -0.4% 3.1% 1.0%

Australia Export 3.1% 1.5% -6.6% -1.3% -6.5% -7.8% -9.7% 1.0%

Import 0.1% 1.5% 2.3% -3.5% -6.6% -4.9% 3.5% -7.2%

Brazil Export 7.8% -6.5% 0.2% -1.8% -13.3% 0.4% -1.2% -7.7%

Import -1.4% 3.9% -4.9% 0.6% -7.5% -3.7% -14.4% -8.8%

Canada Export 1.7% -1.2% 5.4% 2.3% -4.2% -11.4% -1.5% 0.8%

Import -0.5% -2.9% 5.3% 0.6% -2.5% -7.5% 1.3% -3.7%

China Export 4.5% -3.4% 6.0% 5.6% -0.1% -3.9% -3.3% 1.3%

Import 0.9% 3.8% -4.3% 0.7% -2.6% -11.8% 0.2% -1.2%

EU 28 Export 2.8% 0.6% 0.2% -2.3% -4.0% -8.4% -0.2% -0.4%

Import 3.3% 0.8% 0.7% -2.1% -5.9% -8.1% -0.9% -0.3%

France Export 3.4% 0.5% -0.7% -3.1% -2.5% -9.2% 0.1% -1.4%

Import 2.3% -0.2% -0.1% -1.0% -7.7% -9.2% -1.5% 0.2%

Germany Export 3.8% 0.4% 1.0% -1.3% -4.0% -7.6% -0.4% 0.9%

Import 3.4% 1.4% 0.3% -3.2% -5.2% -7.3% -1.7% 1.8%

India Export 0.3% -1.2% 3.3% -1.0% -0.8% -15.6% 0.6% -3.9%

Import -1.6% 2.1% 2.6% 6.8% -3.5% -17.9% 3.4% 2.4%

Indonesia Export 9.8% -2.0% -2.3% -2.7% -3.9% -3.5% -1.8% -7.8%

Import 2.6% -0.9% -0.5% -3.9% -0.2% -11.0% -6.6% -7.4%

Italy Export 2.8% 1.7% 0.0% -2.9% -3.9% -8.2% -1.8% -0.8%

Import 1.7% -0.8% 1.0% -3.3% -5.7% -8.3% 0.8% -2.1%

Japan Export 0.0% -4.3% 0.3% 2.4% -3.8% -4.0% -4.6% -0.5%

Import 2.0% 1.8% -7.4% 1.6% -7.7% -9.7% -5.5% 1.4%

Korea Export 2.6% 0.3% -0.3% 1.1% -0.3% -3.4% -4.5% -1.6%

Import 3.9% 1.3% -2.2% 2.0% -3.3% -13.1% -1.4% -0.9%

Mexico Export -0.3% 0.7% 3.3% 0.8% 0.3% -4.8% -0.5% 0.9%

Import -1.9% 5.3% 2.6% -0.9% 1.2% -2.9% 1.5% 0.9%

Russia Export -0.1% -0.5% 1.0% -4.8% -13.0% -12.5% -4.8% -13.5%

Import 0.0% 3.9% -6.1% -6.3% -12.4% -19.1% -10.0% -1.6%

Saudi Arabia Export 1.7% -0.6% -3.7% -5.9% -15.4% -25.7% 8.2%

Import -2.1% -0.3% -1.5% -1.0% 4.5% -16.0% 3.2%

South Africa Export -2.5% 1.0% -4.8% -0.6% -1.3% -4.8% 4.3% -7.7%

Import -6.2% 3.3% -2.7% 0.3% -1.7% -3.9% -8.5% -2.4%

Turkey Export 0.9% 4.9% -1.0% -1.7% -2.4% -2.8% -2.2% -4.7%

Import 4.4% -4.4% 0.2% -2.5% 4.5% -11.3% -3.6% -8.2%

United Kingdom Export 2.4% 1.8% -1.3% -2.0% -2.1% -7.4% 4.4% -5.0%

Import 1.4% 2.1% 1.5% -0.4% -3.6% -5.6% -1.3% -1.3%

United States Export 2.5% -1.4% 1.9% 1.2% -0.9% -6.5% 0.5% -1.0%

Import 0.1% 1.6% 2.1% -0.2% -0.1% -3.8% -0.5% -0.1%

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>> Methodological Notes:

Further methodological information can be downloaded from:

http://www.oecd.org/std/its/OECD-G20-trade-technical-note.pdf

>> Access data:

The online dataset is available at:

http://stats.oecd.org/Index.aspx?datasetcode=MEI_TRD

>> Contacts:

For further information journalists are invited to contact the OECD’s Media Relations Division on (33) 1 45 24 97 00 or at news.contact@oecd.org; others should contact the OECD Statistics Directorate at stat.contact@oecd.org.

>> Next release April 2016