Global goods trade strengthening: WTO
GENEVA: Global trade in goods has strengthened from June despite geopolitical and policy-related uncertainties, the World Trade Organization said on Wednesday, signalling resilience in merchandise flows even as risks remain elevated. The September reading of the WTO’s barometer tracking merchandise trade growth was 102, an improvement from the June barometer of 101.7, with growth remaining above…
GENEVA — Despite geopolitical tensions and policy uncertainties, global commerce in goods has shown signs of resilience, according to the World Trade Organization (WTO). The organization's latest Goods Trade Barometer, released on Wednesday, revealed a strengthening in merchandise trade growth to 102, up from June's 101.7, with growth still outpacing the baseline trend.
This quarterly report, which examines export orders, air freight, container shipping, automotive products, raw materials, and electronic components, indicates that trade expansion remains above the baseline trend of 100. Despite these positive indicators, the WTO cautions that risks persist, including the impact of ongoing conflicts, trade policy shifts, and disruptions to supply chains and transportation costs.
While strong demand for electronic components related to AI and digital infrastructure is aiding growth, the organization acknowledges that trade progress is uneven across various sectors and regions.
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