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OECD: G20 Goods Exports Rebound in Q1 2024 as Travel Boosts Services Trade
The Organization for Economic Cooperation and Development (OECD) in May 2024 announced its latest trade numbers. After falling in 2023, G20 merchandise exports (current US dollars) bounced back in Q1 2024. Compared with Q4 2023, exports rose by 1.9 %, driven by strong growth from China, while imports slipped by 0.2 %, partly reflecting lower energy prices. According to preliminary estimates, G20 services trade continued to expand in Q1