Global Merchandise Trade Resumes Growth; WTO Warns of Regional Conflicts
The latest report from the World Trade Organization (WTO) presents a mixed outlook for global merchandise trade. Following a decline in 2023, modest growth of 2.6% in 2024 and an increase of 3.3% in 2025 are projected. Although these figures indicate a gradual recovery, concerns persist due to regional conflicts, geopolitical tensions, and global economic uncertainty. The WTO warns of the possibility of revising these projections downwards due to these factors.
The report highlights a positive aspect: the increase in exports of commercial services by 9%, partially offsetting the decline in merchandise trade. However, merchandise exports have been affected by high energy prices and inflation, decreasing by 5% in value terms.
In the Mexican context, there is observed growth in exports during the first bimester of 2024, with an annual increase of 5.9%. Despite this growth, challenges persist, especially regarding the crisis in the Red Sea and trade tensions between the United States and China.
This report also emphasizes the importance of the supply chain in global business growth. According to the CEO Insights 2024 study by consulting firm Arthur D. Little, the supply chain ranks as the second critical factor for business growth, following technological innovation. This underscores the need for adaptation and efficient supply chain management in a volatile and uncertain business environment.
In conclusion, while a recovery in global merchandise trade is on the horizon, significant challenges persist that require attention and adaptation from businesses and international trade stakeholders.
To read the full article: https://t21.com.mx/comercio-mundial-de-mercancias-retoma-crecimiento-omc-advierte-por-conflictos-regionales/