WTO - Goods barometer shows trade volumes returning to trend amid high uncertainty

Wednesday, November 29, 2023


27th November 2023

The latest quarterly WTO Goods Trade Barometer issued on 27 November indicates that the volume of global merchandise trade is recovering after its recent slump, with automobile sales and production and electronic components trade driving the recovery. However, mixed economic results coupled with increasing geopolitical tensions make the near-term outlook highly uncertain.