Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

G20 international trade soars in 2017: OECD

by | May 25, 2021

OECDBy Tuba Sahin,

Ankara: International merchandise trade in G20 countries soared year-on-year in 2017, according to OECD data released Wednesday.

G20 country exports and imports rose 10.0 percent and 11.5 percent respectively last year compared to 2016.

The data showed that the highest annual export growth in 2017 was seen in Australia — 20.5 percent — and Russia — 25.4 percent.

India and Russia posted the highest import growth over the same period with 23.2 percent and 24.5 percent, respectively.

In the last quarter of 2017, G20 counties’ international merchandise trade also soared for the seventh consecutive quarter.

G20 exports in the fourth quarter climbed 2.7 percent to over $3.56 trillion, while imports rose 3 percent to top $3.6 trillion.

According to the data, Turkish exports and imports were also on the rise in the last quarter of 2017 with 3 percent and 3.2 percent, respectively.

—AA

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

Teen from Texas Triumphs at 2025 Scripps National Spelling Bee

Teen from Texas Triumphs at 2025 Scripps National Spelling Bee

Allen, TX – In a dazzling display of linguistic prowess, 13-year-old Faizan Zaki from Allen, Texas, has etched his name in history as the champion of the 2025 Scripps National Spelling Bee. The young wordsmith secured the coveted title in the competition’s milestone...

Top Hamas leader Ismail Haniyeh killed in Israeli strike in TehranTop Hamas leader Ismail Haniyeh and one of his bodyguards were killed in an attack in Tehran on Wednesday. According to a statement by Hamas, an “Israeli strike” targeted the Palestinian official, who...

List of richest countries in the world in 2024

List of richest countries in the world in 2024

India, which ranks fifth in the list of countries by Gross Domestic Product (GDP), lags far behind in the list of the world’s richest nations based on GDP per capita in 2024. Luxembourg leads this list. According to data from the International Monetary Fund (IMF),...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *