The latest Global Trade Update by UN Trade and Development (UNCTAD), covering data through early March, signals a shifting landscape. In 2024, world trade saw record expansion to $33 trillion in 2024 – up 3.7% from 2023 – driven by developing economies and strong services trade. But looking ahead, new risks loom, including trade imbalances, evolving policies, and geopolitical tensions.
Global trade in 2025: Resilience under pressure Published March 14, 2025
