Latin American nations that are part of the G20 group all posted positive first quarter figures for international merchandise trade.
Seasonally adjusted and expressed in current US dollars, exports from Argentina and Brazil comfortably outperformed the G20 average (5.3% q-o-q) with growth rates of 12.7% and 13.4%, respectively. Mexico recorded export growth of 4.2%, the OECD said in a press release.
G20 imports were up an average of 5.8%, with imports in Argentina, Brazil and Mexico increasing by 2.7%, 7.8% and 3.7%, respectively.
The OECD said the G20's Q1 international merchandise trade rose for the eighth straight quarter and at its fastest pace in two years.