Global Trade Update (March 2023)


Global trade growth turns negative for most countries and sectors.

  • Global trade reached more than $32 trillion in 2022, but growth turned negative during the last quarter of the year.
  • Developing countries' trade was particularly weak during the fourth quarter of 2022, with East Asia and Latin America under-performing.
  • While manufacturing trade declined overall, trade in environmentally friendly goods continued to increase throughout the second half of 2022.
  • UNCTAD nowcasts suggest continuing trade stagnation for the first quarter of 2023, but the outlook is more positive for the second half of the year.


Global Trade Update (March 2023) (UNCTAD/DITC/INF/2023/1)
23 Mar 2023