A new trade record

Global trade hits a record of $7.7 trillion in the first quarter of 2022. However, most of the value increase is due to inflation rather than the trade volume.

Trade continues to be an engine for economic growth while the trade growth is expected to slow for 2022.

More details can be found on UNCTAD’s latest Global Trade Report. More here: Globsl Trade hits record

Source: WEF / UNCTAD