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The biggest drops occurred in developed countries, cutting across all major forms of foreign direct investment.
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.
By Steve MacFeely, Chief Statistician, UNCTAD
UNCTAD’s SDG Pulse 2020 shows that progress on critical targets of the sustainable development goals has stalled amid the coronavirus crisis.
The coronavirus pandemic led to a 3% drop in global trade values in the first quarter of 2020. The downturn is expected to accelerate in the second quarter, according to UNCTAD forecasts, which project a quarter-on-quarter decline of 27%.
The UNCTAD Handbook of Statistics 2019 provides a wide range of statistics and indicators relevant to the analysis of international trade, investment, maritime transport and development.
Quantifying the total value of illicit flows that are draining resources for development is a key step in tackling them.
At the World Statistics Congress in Kuala Lumpur, UNCTAD held a session entitled “Multinational profit shifting and illicit financial flows – can we measure them?”.
