Please find attached the latest issue of the UNCTAD Global Trade Update. Its key findings show that:
- Global trade reached a record high in 2021.
- Global trade growth accelerated during the last quarter of 2021, but it’s expected to slow in the first quarter 2022.
- During the fourth quarter (Q4) of 2021, trade in goods remained strong and trade in services finally returned to its pre-pandemic levels.
- Developing countries’ trade outperformed that of developed countries in Q4 2021. South-South trade growth was above the global average.
- Delays will persist in global supply chains this year.
- Regionalization of trade flows will increase in 2022.
About UNCTAD
UNCTAD is the UN trade and development body. It supports developing countries to access the benefits of a globalized economy more fairly and effectively and equips them to deal with the potential drawbacks of greater economic integration.
It provides analysis, facilitates consensus-building and offers technical assistance to help developing countries use trade, investment, finance and technology as vehicles for inclusive and sustainable development.
Journalists with access to the UNCTAD virtual newsroom may download the new UNCTAD Global Trade Update.
Access to the virtual newsroom requires a password. To obtain one, please fill out the form online.
After the lifting of the embargo, documents related to the report will be available on the main UNCTAD website.
For further information or to request interviews with UNCTAD experts, please contact the UNCTAD Press Office (+41 22 917 5549/8033/5828, unctadpress@unctad.org).
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