Recent international trade data show that total global trade is expected to reach a record high of $33 trillion in 2024. This remarkable growth is largely due to the boom in trade in services, which is expected to achieve a robust growth of 71 TP3T, injecting new dynamism into global trade.
Analysis of the data shows that trade in services will be the core engine of global trade growth in 2024, with its 7% growth rate contributing to more than half of trade growth. Meanwhile, merchandise trade, which is expected to grow by 21 TP3T, is still looking for a breakthrough.
In terms of industry performance, the ICT and apparel industries shined, realizing significant growth of 13% and 14% respectively in the third quarter. This trend not only demonstrates the development potential of emerging industries, but also opens up new growth space for global trade development.
Looking ahead to 2025, the stable growth trend of the global economy and the gradual easing of inflationary pressures provide a favorable environment for trade development, despite many challenges such as geopolitics. Experts suggest that enterprises should seize the opportunity to actively lay out high-value industrial chains and enhance their competitiveness in the international market.
Author: Diligence
Xindashun International Logistics (Shenzhen) Co.
Tel: 13556688899
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