Tuesday, 02 January 2024 12:17 GMT

Global Trade Set to Hit USD35 Trillion in 2025


(MENAFN) The UN reported on Tuesday that worldwide trade is projected to reach a record $35 trillion in 2025, even amidst ongoing geopolitical tensions.

According to the UN Trade and Development Organization (UNCTAD), "The new data confirm that trade continued expanding through the second half of 2025, even as geopolitical tensions, higher costs, and uneven global demand slowed momentum."

The agency forecasts that global trade will expand by 7% in 2025, contributing an additional $2.2 trillion and establishing a new milestone. In the third quarter, trade across the globe rose by 2.5% compared to the preceding quarter, and growth is anticipated to persist into the final quarter, albeit at a more moderate pace.

"If projections hold, goods would add about $1.5 trillion to this year’s total and services $750 billion, consistent with an overall 7% annual increase," UNCTAD highlighted.

The organization also noted significant changes in prices, which are now expected to fall after two consecutive quarters of rising trade values partly driven by higher costs of goods.

"As a result, the increase in global trade at the end of 2025 comes from higher volumes – the actual quantity of goods shipped – rather than from price increases. This points to stable demand even as inflation eases," it emphasized.

Regionally, East Asia led with a 10% rise in intra-regional trade and a 9% increase in exports from the previous year.

Africa experienced a 6% growth in exports and a 10% boost in imports, while South-South trade climbed nearly 8%, reflecting stronger economic connections among developing nations.

MENAFN10122025000045017167ID1110462027



MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search