UNCTAD: Global trade is on its way to a new historic level

References Organization Strong services trade growth of 7 percent this year accounts for half of the expansion, while trade has grown Goods by 2 percent, but remains below its peak in 2022.

The report adds that Developing economies Traditionally strong drivers of global trade, they faced headwinds in 2024 with imports falling 1 percent and South-South trade shrinking by the same margin in the third quarter of a rise in imports and 2 percent in Export.

He explained that despite these challenges, there are still opportunities for developing economies to benefit from high-growth sectors and trade technologies Information, communications and apparel grew by 13 percent and 14 percent, respectively, in the third quarter of 2024, as this growth underscores the potential for diversification and entry into value-added industries.

The report states the expectations Global growth Stable and easing inflation offers an opportunity to build resilience in 2025.

In terms of sectors and growth prospects, the report states that, while… technologies Information, communications and apparel gained strong momentum, as traditional sectors key to developing economies faced a 2 percent drop in energy trade in the third quarter and 7 percent for the year, while metals trade fell 3 percent quarter-on-quarter, and car trade fell by 3 percent. percent in the third quarter, while it is expected to end the year with a modest growth of 4 percent.