GlobalTradeOutlookandStatisticsApril2024AbouttheWTOTheWorldTradeOrganizationistheinternationalbodydealingwiththeglobalrulesoftradebetweenWTOmembers.Itsmainfunctionistoensurethattradeflowsassmoothly,predictablyandfreelyaspossible,withalevelplayingfieldforallitsmembers.Contents1.Executivesummary22.Tradein2023andtheoutlookfor2024and202533.Driversoftrade54.Breakdownofthetradeforecast115.Riskstotheoutlook156.Tradeinvalueterms17a.Merchandisetrade17b.Commercialservicestrade217.Globalvaluechainsandevidenceoffragmentation298.Analysis:TheSuezCanalcrisis339.Appendixtables39AppendixTable1:39Leadingexportersandimportersinworldmerchandisetrade,2023AppendixTable2:40Leadingexportersandimportersinworldmerchandisetradeexcludingintra-EUtrade,2023AppendixTable3:41Leadingexportersandimportersofcommercialservices,2023AppendixTable4:42Leadingexportersandimportersofcommercialservicesexcludingintra-EUtrade,2023AppendixTable5:43Leadingexportersofdigitallydeliveredservices,202310.Bibliography441GLOBALTRADEOUTLOOKANDSTATISTICS-APRIL2024Executivesummary•Worldmerchandisetradevolumeisprojectedtogrow2.6%in2024and3.3%in2025,followingalarger-than-expecteddeclineof-1.2%in2023.Importdemandinrealtermswasweakin2023inmostregions,especiallyinEuropebutalsoinNorthAmericaandAsia.ThemainexceptionsweretheMiddleEastandtheCommonwealthofIndependentStates(...
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