Global Trade Surprisingly Strong Despite Recent Shocks

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The recent DHL Trade Growth Atlas, which maps the most important trends and prospects of global trade in goods, is published by DHL and NYU Stern School of Business.  The report covers 173 countries, providing valuable business intelligence for policymakers and industry leaders. It shines a positive light on the resilience of global trade – despite recent shocks and market pessimism.

Read more to better understand global trade and its opportunities. 

Despite a Cloudy Outlook, Global Trade Is Still Resilient

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According to DHL and the NYU Stern School of Business, forecasts for global trade indicate:

• Trade is expected to grow slightly faster in 2022 and 2023 than it did over the previous decade.
• Many companies backed away from reshoring and nearshoring plans, leading trade to grow faster in emerging economies close to China.
• Vietnam, India, and Philippines are benefitting, with Vietnam the biggest winner.

Trade is expected to grow slightly faster in 2022 and 2023 than it did in the previous decade, despite the headwinds of Covid, a global economic slowdown and the war in Ukraine.

Read on about how globalization of trade isn’t ending, despite Covid, war and inflation.