According to the latest UNCTAD [United Nations Conference on Trade and Development] Global Trade update, after the rebound linked to the end of the Covid pandemic at the end of 2020 and in 2021, global trade has been falling in value terms since mid-2022 and is set to fall by 4.5% in 2023 compared with 2022.
Annual trade growth for goods and services, 2019-2023
Source: UNCTAD.
Between 2022 and 2023, global trade in goods and services slowed in value overall. But while trade in goods has shrun
