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New opportunities for accelerating pan-African trade

New opportunities for accelerating pan-African trade

By Rebeca Grynspan, Secretary-General of UNCTAD

Global merchandise trade exceeds pre-COVID-19 level, but services recovery falls short

Global merchandise trade exceeds pre-COVID-19 level, but services recovery falls short

UNCTAD nowcasts show that trade in services has not yet reached its pre-pandemic level, while merchandise trade is projected to have surpassed it by 15%.

Africa’s free trade area can deliver considerable inclusive economic growth for the continent

Africa’s free trade area can deliver considerable inclusive economic growth for the continent

But the world’s largest free trade area needs measures to boost productivity and expand opportunities.

Breaking the mould

Breaking the mould

By Isabelle Durant, Deputy Secretary-General, UNCTAD

Greening international debt data

Greening international debt data

By Rachid Bouhia, UNCTAD Economist

Global trade in goods hits all-time quarterly high of $5.6 trillion

Global trade in goods hits all-time quarterly high of $5.6 trillion

UNCTAD estimates show that in the third quarter of 2021 world trade continued its strong recovery from the COVID-19 pandemic – albeit unevenly across countries and sectors.

Maritime trade weathers COVID-19 storm but faces far-reaching knock-on effects

Maritime trade weathers COVID-19 storm but faces far-reaching knock-on effects

UNCTAD predicts that annual growth in maritime trade between 2022 and 2026 will slow to 2.4%, compared to 2.9% over the past two decades.

High freight rates cast a shadow over economic recovery

High freight rates cast a shadow over economic recovery

UNCTAD warns that global consumer prices will rise significantly in the year ahead until shipping supply chain disruptions are unblocked and port constraints and terminal inefficiencies are tackled.

AfCFTA could boost maritime trade in Africa

AfCFTA could boost maritime trade in Africa

UNCTAD says the African Continental Free Trade Area could boost intra-African trade by up to 33% and cut the continent’s trade deficit by 51%.

Asia expands its lead in maritime trade and business

Asia expands its lead in maritime trade and business

The continent also remains the largest seafarer-supplying region in the world. Four of the top five countries supplying seafarers in 2021 were from Asia.