Browsing: trade growth

UNCTAD’s report reveals global trade hit $33 trillion in 2024, yet uncertainty over tariffs, policies, and economic shifts remains high.

The EU posted a €27.2 billion trade surplus in Q4 2024, its sixth in a row, led by strong exports in chemicals and machinery despite persistent energy deficits.

Global trade will hit $33 trillion in 2024, driven by services sector growth, while goods trade lags behind, UNCTAD reports. Opportunities exist for diversification despite challenges.

IATA reports global air cargo demand grew 9.4% in September 2024, continuing a robust trend of 14 consecutive months of growth, driven by high international operations.

UNCTAD’s report reveals global growth will stagnate at 2.7% in 2024-2025, posing risks to development and climate goals while impacting the Global South’s debt levels and overall economic resilience.

In 2024, South Korea’s car exports reached a new high of $37 billion, driven by a surge in demand for hybrid models.