Despite significant supply chain bottlenecks that have limited further growth, the COVID-19 pandemic was not a major obstacle for global trade as many had expected. Moreover, international trade in goods has increased by 10 percent compared to pre-pandemic levels. The outlook for future trade growth remains surprisingly positive. Due to the war in Ukraine, trade growth forecasts have been reduced, but they still indicate slightly faster trade growth this year and next compared to the previous decade.
These are the main conclusions from the new ‘Trade Growth Atlas’, which showcases the key trends and predictions for global trade published by DHL and the Stern School of Business at New York University. DHL’s Trade Growth Atlas examines trends in global trade growth, geographical shifts, the mix of traded products, and broader changes in the business environment. It also analyzes trade in goods worldwide, by regions, for advanced economies versus emerging economies, and in 173 countries. The report contains precise one-page summaries for each of these countries.
– Our goal is for DHL’s ‘Trade Growth Atlas’ to become the primary resource for understanding and navigating changes in global trade. Just as it has been for centuries, trade remains a key driver of prosperity. In the current global business environment, DHL can help clients reassess supply chains based on reasonable compromises between cost and risk to be efficient and secure – said John Pearson, CEO of DHL Express.
