High prices seen during the COVID-19 have already returned to pre-pandemic levels, but the sector still faces some challenges like port infrastructure.
Browsing: global trade
A report by UNCTAD indicates a record mainly driven by performance in the year’s first half. For 2023, prospects are not as sound.
The World Trade Organization sees worldwide sales of goods going up 1.2% this year, down from last April’s 2.6% estimate.
IMF report shows that trade uncertainty may affect global growth in 2019, but in some regions, like the Middle East, it remains moderately low.
An index from the WTO shows growth falling short of medium-term trends, and the performance seen in the first three months of the year might repeat itself.
According to the WTO, global trade flows are poised to go up 2.6% in 2019, down from 3% in 2018, when it had already fallen short of expectations. Brazil lost one position on the ranking of leading exporting countries.
On the eve of the bloc’s summit, in Buenos Aires, OECD reported that exports rose only 0.3%, with imports up 0.7%, a reflection of protectionist measures taken by the member countries.
Import-restrictive measures adopted by members of the bloc, from May to October, have covered an amount of trade estimated in USD 481 billion, a new high.
