Global trade hits record $7.7 trillion in first quarter of 2022 – report

andy-li-CpsTAUPoScw-unsplash-scaled.jpg

The value of global trade rose to a record $7.7 trillion in Q1 2022, an increase of about $1 trillion relative to Q1 2021, according to UNCTAD’s Global Trade Update published on Thursday. The growth, which represents a rise of about $250 million relative to Q4 2021, is fuelled by rising commodity prices, as trade volumes have […]

Read more

Global trade in 2016 to grow at slowest pace since the financial crisis – WTO

shipping-container.jpg

  World merchandise trade volume is expected to grow 1.7% in 2016, accompanied by real GDP growth of 2.2% at market exchange rates. This would be the slowest pace of trade and output growth since the financial crisis. Trade growth was weaker than expected in the first half of 2016 due to falling import demand and […]

Read more

Case of too many ships, too few to sail?

Muted global trade growth and the economic slowdown in emerging markets is expected to exacerbate overcapacity, leading to declining and volatile freight rates, forcing Fitch Ratings to revise the global shipping sector outlook for 2016 to negative from stable this year. China’s slower growth and economic transition will pose particularly significant risks for the shipping […]

Read more