BRIEF October 15, 2024

Trade Watch

Goods trade is gaining momentum

Global goods trade values rose in the four months from April to July from the same period of last year, as volumes tracked record 2022 levels, fuel prices stabilized, and exports grew across most regions.
Trade in services expanded further in the second quarter of 2024; international tourist arrivals rose almost to 2019 levels.
A measure of global supply chain stress remained high through September 2024, amid disruptions in Southeast Asia, the Middle East, and the Mediterranean. While shipping rates eased significantly from their July 2024 peaks, they were still more than twice as high as a year ago.

🔽 Get the latest Trade Watch report! 🔽

NEW: Trade Watch data visualization and download.

Trade Watch—a joint product of the Trade and International Integration Unit in the World Bank’s Research Group (DECRG) and the Trade Unit in the Trade, Investment, and Competition (TIC) department of the World Bank—provides up-to-date data from an array of sources, along with analysis of recent trade developments.

About the Trade Watch series

Since April 2020, the World Bank has produced the COVID-19 Trade Watch series, which tracks trade flows in the aftermath of the COVID-19 pandemic. The series relies on real-time shipping data, official trade statistics for goods and services, and other sources to provide a perspective on how trade is responding to the latest economic developments.