Global trade growth continues as fragmentation raises risks for 2026

Global trade growth chart showing goods and services trends and nowcast for 2025 and early 2026

Global trade growth remained strong in 2025, reaching $35 trillion, but the outlook is becoming more fragile. Rising trade costs, geopolitical tensions, United States–China decoupling and shipping disruption risks are expected to slow momentum through 2026. Global trade growth remained resilient in 2025, expanding by $2.5 trillion to reach about $35 trillion, supported by strong goods and services trade, East […]

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