After a decline of 1.2% in volume in 2023, international trade is expected to grow again in 2024 and 2025, assures the World Trade Organization. In value, their fall reached 5%, for a total of 24,010 billion dollars (22,097 billion euros) This decline, due in particular to the fall in prices of basic products, such as oil and gas, was partly offset by the 9% jump in trade in services ($7,540 billion), driven by the resumption of travel international markets and the rise of digital services.
Imports, low in Europe but also in North America and Asia, were doing well in fuel exporting countries. The world trade outlook is published in the latest edition of the WTO’s World Trade Outlook and Statistics report (WTO: “World Trade Outlook & Statistics” ‘World Trade outlook and Statistics’ ‘World trade outlook and statistics’, published by the Worldtrade Organization, is available online at: http://www.wto.org/.