Global trade set for record 2025 but risks build for 2026

Global trade imbalances in goods by major economies, 2024–2025.

The latest Global Trade Update shows global trade still expanding, with 2025 flows set to exceed $35 trillion, around 7% above 2024. Growth is driven mainly by developing economies, especially East Asia, Africa and South–South trade, with manufacturing and electronics outperforming weaker energy-related trade. But prospects for 2026 are softer as slower economic growth, rising trade costs and geopolitical tensions […]

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