<\/p>\n
Global trade trends turned positive in the first quarter of 2024, with the value of trade in goods increasing by around 1% quarter-over-quarter and services by about 1.5%.<\/p>\n
According to the latest Global Trade Update released by UN Trade and Development (UNCTAD), the growth was primarily driven by increased exports from China (9%), India (7%) and US (3%).<\/p>\n
Conversely, Europe\u2019s exports showed no growth and Africa\u2019s decreased by 5%.<\/p>\n
The report expects the increase to add approximately $250 billion to trade in goods, and $100 billion to services trade, in the first half of 2024 compared to the second half of 2023.<\/p>\n
The short-term trade outlook is cautiously optimistic as the global forecasts for GDP growth remain at around 3% for 2024.<\/p>\n
The report says that if positive trends persist, global trade in 2024 could reach almost $32 trillion, but unlikely to surpass the record level seen in 2022.<\/p>\n
Trade in developing countries and South-South trade increased by about 2% in both imports and exports during the first quarter of 2024. In comparison, developed countries saw flat imports and a modest 1% rise in exports.<\/p>\n
South-South trade rose by 2% in the first quarter of 2024. However, its value is still significantly below the levels of 2022, as its four-quarter moving average remains negative at -5%.<\/p>\n
The report highlights that trade growth varied significantly across sectors, with green energy and artificial intelligence-related products experiencing stronger increases.<\/p>\n
The trade value of high-performance servers rose by 25% compared to the first quarter of 2023, while other computers and storage units saw an 8% increase.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Global trade trends turned positive in the first quarter of 2024, with the value of trade in goods increasing by around 1% quarter-over-quarter and services by about 1.5%. According to the latest Global Trade Update released by UN Trade and Development (UNCTAD), the growth was primarily driven by increased exports from China (9%), India (7%) […]<\/p>\n","protected":false},"author":1,"featured_media":1997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/07\/Shanghai-Port-555-1000x445.jpeg",1000,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/07\/Shanghai-Port-555-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/07\/Shanghai-Port-555-300x200.jpeg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/07\/Shanghai-Port-555.jpeg",1000,666,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=1996"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1996\/revisions"}],"predecessor-version":[{"id":1998,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1996\/revisions\/1998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/1997"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=1996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=1996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=1996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}