Goods trade accelerated in G20 countries: Türkiye exceeded the average in exports

According to information compiled from the international trade statistics of the Organization for Economic Co-operation and Development (OECD) for the second quarter of 2026, trade in goods in G20 countries accelerated in the second quarter of the year.

According to current dollar basis and seasonally adjusted data, G20's goods exports increased by 5.9 percent in the second quarter compared to the previous quarter, while the increase in goods imports reached 6.7 percent.

Türkiye, on the other hand, left behind the G20 average with its performance in exports. Türkiye's goods exports, which decreased by 1.8 percent in the first quarter of the year, increased by 8.5 percent in the second quarter. Thus, the quarterly increase in Türkiye's goods exports was 2.6 points above the G20 average.

The monetary size of Türkiye's seasonally adjusted goods exports also increased from 67.3 billion dollars in the first quarter to 73 billion dollars in the second quarter.

The monetary size of Türkiye's goods imports also decreased from 95.7 billion dollars in the first quarter to 95.2 billion dollars in the second quarter.

Among G20 members, the highest increase in goods exports in the second quarter was recorded in India with 20.4 percent. India was followed by South Korea with 19.3 percent, Canada with 13.5 percent and Mexico with 12.2 percent.

Türkiye's export increase of 8.5 percent was above the G20 average, as well as the export increases of Australia at 8.4 percent, the United Kingdom at 6.6 percent, China at 4.7 percent, the United States at 3.9 percent, the European Union at 3.9 percent, Brazil at 3.7 percent, Germany at 2.1 percent, and France and Italy at 1.8 percent.

Thus, Türkiye ranked among the G20 economies in the OECD table in terms of quarterly increase in goods exports.

The positive outlook in Türkiye's foreign trade was also reflected in service exports.

According to OECD's leading estimates, service exports across the G20 increased by 3.4 percent and service imports by 2.5 percent in the second quarter of the year.

Türkiye's service exports increased by 7.6 percent in the second quarter, following a 7.3 percent decrease in the first quarter. Thus, the increase in Türkiye's service exports was more than twice the G20 average.

In the same period, the increase in Türkiye's service imports was limited to 0.3 percent.