World Trade Report 2025

In 2025, global trade, encompassing both goods and services, reached a record high of approximately $33 trillion according to UNCTAD, marking a significant increase from 2023. Merchandise trade grew by 2.9% and services trade by 6.8%, with particularly strong performance in Asia and developing economies. However, the year also saw challenges, including a 3.2% decline in intra-EU trade and an overall contraction in Europe, alongside new geopolitical tensions and ongoing efforts to strengthen global cooperation. 

Key Metrics and Trends

• Record Highs:
• Global trade reached a record $33 trillion in 2025, a 3.7% increase from the previous year, as reported by UNCTAD. 

• Merchandise Trade:
• The volume of world merchandise trade grew by 2.9%, the first time since 2017 that merchandise trade growth outpaced global GDP growth. 

• Services Trade:
• Commercial services trade expanded significantly, increasing by 6.8% and exceeding growth in 2023. 

• Regional Shifts:
• Asia performed better than expected, while North American imports were also strong. However, trade within the European Union declined by 3.2%. 

Driving Factors and Challenges

• Services Growth:
• Strong global demand supported the expansion of services trade. 
• Developing Economies:
• Developing countries played a crucial role in driving the record expansion of global trade. 
• Geopolitical Factors:
• The year was marked by rising geopolitical tensions and the ongoing impact of regional conflicts, such as the Israel-Hamas War. 
• Policy Landscape:
• New policies and trade imbalances posed challenges to the stability of global trade. 

Outlook and Resilience

• Importance of Cooperation:
• The trajectory of world trade was seen to depend on the broader international community's response. 
• Need for Resilient Policies:
• Open, predictable, and cooperative trade policies are essential for global economic resilience. 
• Risk Management:
• Effective risk management, including adequate hedging and logistics planning, is crucial for businesses to navigate the challenges in the current global market, according to Hanseatica Seguros. 

WTO Annual Report 2024

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Statistics

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Sectors & Products

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The Latest GTA Report

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in 2025 Under New Leadership

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