Global merchandise trade (Infographic)
Global merchandise trade 2022
IN 2022, THE VOLUME OF GLOBAL MERCHANDISE TRADE GREW BY 2.7% YEAR-ON-YEAR. IN TERMS OF AVERAGE $ VALUE, IT INCREASED BY 12% TO REACH $25.6 TRILLION
The 2.7% increase in volume is lower than expected in Oct. 22 (+3.5%) due to the drop in Q422
The sectors with the highest growth were energy-related sectors
China, the US and Germany led global merchandise exports and imports in 2022 (by value)
Global trade forecasts 2023 and 2024
GLOBAL MERCHANDISE TRADE VOLUME TO GROW BY 1.7% IN 2023 WEIGHED DOWN BY THE EFFECTS OF WAR IN UKRAINE, PERSISTENTLY HIGH INFLATION, MONETARY POLICY TIGHTENING AND UNCERTAINTY IN FINANCIAL MARKETS
WTO forecasts merchandise trade volume growth of 1.7% in 2023 in a context of real GDP growth of 2.4%
In 2024, trade growth will rebound to 3.2%, but with significant downside risks
By region, North America will record the highest export growth in 2023
