UNCTAD .. World Trade witnessed a record expansion of $ 33 trillion during 2024
Geneva, March 14 / WAM / The United Nations Trade and Development Organization (UNCTAD) confirmed that global trade began in 2025 on a stable floor, but the challenges are increasing and noted that the year 2024 witnessed a record expansion in World Trade of 33 trillion dollars, an increase of 3.7 % over 2023 driven by developing economies and the trade of strong services.
The organization stated in a report issued today in Geneva, which included the latest developments in global trade until early this year that, given the future, there are new risks looming on the horizon, including trade imbalances, advanced policies and geopolitical tensions.
The report – which was titled (Flexibility under pressure) indicated that the global scene is changing and that with the increasing state of commercial uncertainty, global cooperation and balanced policies will be basic factors to prevent economic fragmentation and protect long -term growth.
The organization warned that protectionism and changing trade strategies may cause turmoil in world trade and said that the services trade is still strong, but the commodity trade faces a state of uncertainty and urged the adoption of balanced policies and multilateral cooperation.
She explained that the gap is between developing and developed economies, while Asia and Latin America are still two main engines of trade, but growth slowed in many advanced economies.
She emphasized that the trade between the countries of the south is steadfast, but the inter -trade in Africa is contrary to contraction, which reflects the gains achieved and said that at the same time the trade between Europe and Central Asia fell, which reflects a shift in demand.
She noted that governments expand customs definitions, support and industrial policies, which reshapes commercial flows, and indicated that the United States, the European Union and others are increasingly linking commercial measures to economic and climate security goals while China uses motivation policies to maintain export momentum.
At the end of its report, the international organization confirmed that the challenge in 2025 is to prevent global retail – as states are isolated commercial blocs – while managing policy transformations without undermining long -term growth.
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