Strong Growth in Global Trade(2)
However, from a quarterly perspective, the quarter-on-quarter growth of trade in goods was about 0.7%, and the quarter-on-quarter growth of trade in services was about 2.5%, indicating that the trade in services was improving. It is expected that in the fourth quarter of 2021, the trend of slower growth in trade in goods and more positive growth in trade in services may continue. In the fourth quarter of 2021, the volume of trade in goods is expected to remain around US$5.6 trillion, while trade in services may continue to recover slowly.
The report believes that the growth rate of global trade will stabilize in the second half of 2021. Factors such as the weakening of epidemic restrictions, economic stimulus packages and rising commodity prices have promoted the positive growth of international trade in 2021. However, slowing economic recovery, disruption of logistics networks, increased transportation costs, geopolitical conflicts, and policies affecting international trade will cause great uncertainty in the outlook for global trade in 2022, and the level of trade growth in different countries will remain unbalanced.
Change market and language