Current State of Global Trade and Rising Uncertainties

Release time：2025-03-21

In 2025, global trade faces new challenges following growth in 2024. According to data from the United Nations Conference on Trade and Development (UNCTAD), global trade reached a record $33 trillion in 2024, a year-on-year increase of 3.7%, with services growing by 9% and goods trade by 2%.

In 2025, global trade faces new challenges following growth in 2024. According to data from the United Nations Conference on Trade and Development (UNCTAD), global trade reached a record $33 trillion in 2024, a year-on-year increase of 3.7%, with services growing by 9% and goods trade by 2%. However, at the beginning of 2025, trade uncertainties have significantly increased, primarily due to geopolitical tensions, protectionist policies, and potential tariff measures. The World Trade Organization (WTO) has also noted that uncertainties in trade policies may exert pressure on medium-term trade growth.

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