UN Trade and Development (UNCTAD)’s Post

Global trade trends turned positive in the first quarter of 2024, according to the latest Global Trade Update from UN Trade and Development, launched today. The value of trade in goods increased by around 1% quarter-over-quarter, while trade in services by about 1.5%. This surge, fueled by positive trade dynamics for the United States and developing countries, particularly large Asian developing economies, is expected to add approximately $250 billion to goods trade and $100 billion to services trade in the first half of 2024 compared to the second half of 2023. Global GDP growth forecasts remain at around 3% for 2024, with the short-term trade outlook being cautiously optimistic. If positive trends persist, global trade in 2024 could reach almost $32 trillion, though it is unlikely to surpass the record levels seen in 2022. Explore the data & analysis: https://ow.ly/W43Z50Stxcw

Back on track: Global trade trends turned positive again. Some sectors stand out: Green enery and AI sectors see a strong surge. Check UN Trade and Development (UNCTAD) new Global Trade Update

Happy Wednesday: Global trades developments by UN Trade and Development (UNCTAD) Key Points from UNCTAD's Global Trade Update : ✳️ **Positive Trends**: Global trade turned positive in Q1 2024. ✳️ **Trade in Goods**: Increased by around 1% quarter-over-quarter. ✳️ **Trade in Services**: Increased by about 1.5% quarter-over-quarter. ✳️ **Key Contributors**: The surge was fueled by positive trade dynamics in the United States and developing countries, especially large Asian developing economies. ✳️ **Economic Impact**: Expected to add approximately $250 billion to goods trade and $100 billion to services trade in the first half of 2024 compared to H2 2023. ✳️ **Global GDP Growth Forecasts**: Remain at around 3% for 2024. ✳️ **Potential Trade Value**: Global trade in 2024 could reach nearly $32 trillion if positive trends persist. ✳️ **Comparison to Previous Records**: Unlikely to surpass the record trade levels of 2022. #GlobalTrade #TradeTrends #TradeInGoods #TradeInServices #TradeDynamics #US #DevelopingCountries #EconomicImpact #GoodsTrade #ServicesTrade #GlobalGDP #GrowthForecasts https://lnkd.in/ggybxrZS

Global trade trends turned positive in the first quarter of 2024, according to the latest Global Trade Update from UN Trade and Development (UNCTAD), launched today. The value of trade in goods increased by around 1% quarter-over-quarter, while trade in services by about 1.5%. This surge, fueled by positive trade dynamics for the United States and developing countries, particularly large Asian developing economies, is expected to add approximately $250 billion to goods trade and $100 billion to services trade in the first half of 2024 compared to the second half of 2023. Global GDP growth forecasts remain at around 3% for 2024, with the short-term trade outlook being cautiously optimistic. If positive trends persist, global trade in 2024 could reach almost $32 trillion, though it is unlikely to surpass the record levels seen in 2022. Explore the data & analysis: https://ow.ly/b4Wf50StwZo

The latest Global Trade Uodate from UNCTAD: interesting bits on trade in green energy and the impact of industrial policies on global trade flows.

Global trade trends turned positive in the first quarter of 2024, according to the latest Global Trade Update from UN Trade and Development (UNCTAD). The value of trade in goods increased by around 1% quarter-over-quarter, while trade in services by about 1.5%. This surge, fueled by positive trade dynamics for the United States and developing countries, particularly large Asian developing economies, is expected to add approximately $250 billion to goods trade and $100 billion to services trade in the first half of 2024 compared to the second half of 2023. Global GDP growth forecasts remain at around 3% for 2024, with the short-term trade outlook being cautiously optimistic. If positive trends persist, global trade in 2024 could reach almost $32 trillion, though it is unlikely to surpass the record levels seen in 2022. Explore the data & analysis: https://ow.ly/b4Wf50StwZo

Global Trade Update (July 2024) Global trade trends turned positive in the first quarter of 2024, according to the latest Global Trade Update from UN Trade and Development (UNCTAD). The value of trade in goods increased by around 1% quarter-over-quarter, while trade in services by about 1.5%. This surge, fueled by positive trade dynamics for the United States and developing countries, particularly large Asian developing economies, is expected to add approximately $250 billion to goods trade and $100 billion to services trade in the first half of 2024 compared to the second half of 2023. Global GDP growth forecasts remain at around 3% for 2024, with the short-term trade outlook being cautiously optimistic. If positive trends persist, global trade in 2024 could reach almost $32 trillion, though it is unlikely to surpass the record levels seen in 2022. https://lnkd.in/gtkpTCiY

According to the latest Global Trade Update from UN Trade and Development (UNCTAD), global trade is on the rise! Key highlights: ◾ Trade in Goods: Increased by ~1% quarter-over-quarter. ◾ Trade in Services: Up by ~1.5%. This growth, driven by positive trade dynamics in the US and large Asian developing economies, is expected to add around $250 billion to goods trade and $100 billion to services trade in the first half of 2024 compared to the latter half of 2023. Outlook for 2024: ◾ Global GDP Growth: Forecast remains at ~3%. ◾ Cautious Optimism: If trends continue, global trade could reach almost $32 trillion, approaching record levels of 2022. Exciting times ahead for global trade and economic growth

🌍 Global Trade Update: Key Insights from the Tradeshift Index Q2 2024 🌍 The latest Tradeshift Index of Global Trade Health for Q2 2024 offers a nuanced view of the global trade recovery: 📉 Mixed Recovery Trends: Despite six months of positive momentum, global trade activity remains three points below anticipated levels. Order volumes fell sharply, six points below expectations, after a peak at the end of 2023. 🇺🇸 US vs. Europe: The US outperforms with activity levels exceeding expectations, driven by strong consumer confidence. Europe, however, lags, feeling the impact of the Ukraine conflict and reduced demand for manufactured goods. 🇨🇳 China's Steady Growth: China continues to show recovery signs, with transaction volumes slightly above expected levels for the second consecutive quarter. However, challenges remain in reaching pre-pandemic manufacturing activity. 🌏 Emerging Market Winners: Countries like Vietnam, Malaysia, India, and Mexico are emerging as key players, benefiting from global companies' shift to diversify supply chains and reduce reliance on China. 📊 Sector Insights: While demand for freight capacity remains high, manufacturing activity has slightly declined. Supplier cash flow pressures are easing, but invoice payment times are still 5% longer than pre-pandemic levels. 🤝 Strategic Diversification: Geopolitical tensions are pushing businesses to adopt strategies like 'China Plus One' to diversify supply chains, with significant investments in countries like Vietnam and India. Navigating these complexities is crucial for businesses aiming to capitalize on new opportunities while mitigating risks. #GlobalTrade #SupplyChain #TradeshiftIndex https://lnkd.in/gbk9a6xz