Republic of Korea

The pandemic has sent shockwaves through global maritime transport and laid the foundations for a transformed industry and associated supply chains. UNCTAD expects a return to growth in 2021

UNCTAD estimates show a 5% drop in world trade in the third quarter of 2020 compared to 2019, an improvement from the 19% decline in the second quarter but insufficient to pull trade out of the red.

New data shows a worrying deterioration of trade for developing countries and a continued struggle for the automotive and energy sectors, while office equipment rebounds.