International trade is back, but not for all
International merchandise trade is booming. Exports of many countries are growing at double digit rates, and global trade has already surpassed the pre-pandemic levels of 2019.
Preliminary data for the first half of 2021 indicates an increase in the value of merchandise trade of about 30% compared to 2020 and of about 15% compared to 2019. UNCTAD projects trade to further recover during the second half of 2021. Overall, for 2021 the value of global trade is forecasted to be about 20% and 28% higher than 2019 and 2020, respectively.
Read the analysis by UNCTAD economists Alessandro Nicita, Ralf Henning Peters and Carlos Razo.
Read the entire article here: International trade is back, but not for all
Source: UNCTAD
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