Global trade reached a record $33 trillion, up 3.7% ($1.2 trillion) from the previous year. About this it is said in the report of the United Nations Conference on Trade and Development (UNCTAD).
The main driver of growth was services, the volume of which increased by 9% ($700 billion), which is almost 60% of the total increase. Trade in goods increased by 2% ($500 billion).
Developing countries have shown higher rates of trade growth compared to developed countries. Their exports and imports increased by 4%, while developed countries recorded a decline of 2%. Trade remained stable at the start of 2025, but rising geopolitical tensions, protectionism and trade disputes could cause major disruptions.
“Today, about two-thirds of international trade is carried out without tariffs. But their escalation will hinder exports, especially from developing countries.” — noted in the UNCTAD report.
