<\/p>\n
Restrictions on global trade affected US$2.7tn worth of goods throughout 2025, more than triple the amount impacted last year, a report from Allianz Trade has found. \u00a0<\/span><\/p>\n Trade-restrictive measures, such as tariffs and sanctions, now have an influence on almost 20% of global imports, up from 12.5% at the end of 2024, according to the Old trade routes for new trade wars? report.\u00a0<\/span><\/p>\n Protectionism is continuing to shape trade routes, it said, as \u201cgeopolitically aligned economies\u201d increasingly trade with one another and opt to \u2018friendshore\u2019 rather than trade with countries that have different geoeconomic priorities.<\/p>\n These shifts include the US\u2019 move away from Chinese imports, the EU\u2019s break with Russia and China\u2019s focus on trade with countries in Asia, Latin America and Africa. \u00a0<\/span><\/p>\n The report also pointed to a slowdown in global trade growth in the coming years due to US imports being rerouted, shipments being frontloaded to avoid higher US tariffs and other trade diversification.\u00a0<\/span><\/p>\n While worldwide trade will grow by 2% in 2025, this figure is expected to slow to 0.6% and 1.8% in 2026 and 2027, respectively, the report forecast.\u00a0<\/span><\/p>\n Overall, 50% to 60% of global trade \u201cremains anchored in a few critical arteries\u201d, but these are becoming more fragile due to political risk and the changing climate, Allianz Trade also noted. \u00a0<\/span><\/p>\n According to the trade credit insurer\u2019s \u2018chokepoint scoreboard\u2019 for global supply chains, which assesses structural capacity and disruption risk, the Suez and Panama canals are more exposed due to higher congestion and limited alternative routes.\u00a0<\/span><\/p>\n Asia and Europe\u2019s trade hubs are also \u201cincreasingly at risk of political or climate shocks\u201d, it added. Europe\u2019s Rhine corridor carries almost 300mn tonnes of industrial goods per year, but climate change is \u201cmaking stretches shallower and risking periodic unnavigability\u201d.\u00a0<\/span><\/p>\n Parts of the Rhine have also previously been closed to shipping due to heavy rain, as the climate crisis alters the global water cycle, resulting in stronger, more frequent droughts and periods of extreme rainfall. \u00a0<\/span><\/p>\n Last year, drought and low water levels in the Panama Canal also disrupted trade, with authorities forced to limit the number of ships able to pass through the route and shipping costs rising as a result.\u00a0 \u00a0<\/span><\/p>\n Container freight rates remain at risk of rocketing if supply disruptions materialise, Allianz Trade noted, finding that a supply gap of 20% would lead to a doubling of rates year on year. \u00a0<\/span><\/p>\n Its 2025 list of next generation trade hubs \u2013 countries emerging as future trade linchpins \u2013 saw the UAE ranked as number one, Vietnam as number two and Malaysia as number three. The latter was down from second place last year due to the impact of high US tariffs on the country\u2019s exports.\u00a0<\/span><\/p>\n Vietnam rose from third to second place as its manufacturing and export capacity continues to expand, thanks to lower labour costs and more free trade agreements.\u00a0<\/span><\/p>\n Saudi Arabia jumped 11 places to number four, due to lower tariffs and an increase in non-oil exports. \u00a0<\/span><\/p>\n The report also flagged a trade infrastructure gap that could grow to more than US$10tn by 2035.\u00a0<\/span><\/p>\n Financing trends show funded projects are either \u201cstable, low-yield assets in incumbent routes\u201d or \u201chigh-risk, high-return projects in scaling or conditional corridors\u201d. \u00a0<\/span><\/p>\n Green finance also remains key, the report added, noting nearly 90% of new infrastructure funds launched since 2024 \u201ccarry a climate or ESG mandate, signalling a structural shift toward green and blended finance\u201d.<\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" Restrictions on global trade affected US$2.7tn worth of goods throughout 2025, more than triple the amount impacted last year, a report from Allianz Trade has found. \u00a0 Trade-restrictive measures, such as tariffs and sanctions, now have an influence on almost 20% of global imports, up from 12.5% at the end of 2024, according to the […]<\/p>\n","protected":false},"author":1,"featured_media":5725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/03\/Trade-Hong-Kong-6-960x445.jpg",960,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/03\/Trade-Hong-Kong-6-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/03\/Trade-Hong-Kong-6-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/03\/Trade-Hong-Kong-6.jpg",960,640,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5724","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=5724"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5724\/revisions"}],"predecessor-version":[{"id":5726,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5724\/revisions\/5726"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/5725"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=5724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=5724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=5724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}