North American exports will increase at a year-on-year rate of 3.6 percent in volume terms in 2023, according to World Trade Organization (WTO) projections. In turn, Asia‘s corresponding growth would be 0.6 percent. Intra-Asia is the largest regional market by shipping volume in the global container industry. The
Competition between Mexico and China for the U.S. market increased in 2023, according to data from the Department of Commerce. China has the advantage of being by far the world’s largest exporter of products, has a broad base of suppliers of inputs, parts and components, and can plan
In the first half of 2023, world import growth was fastest in regions that export fuels disproportionately. The WTO explained that this occurred because countries in these regions have had abundant export revenues since the start of the war in Ukraine. These are the CIS (33.7 percent), the
Economic and political tensions between the United States and China -the world’s two largest economies- have been escalating for several years, leading to a fragmentation of international trade and the imposition of numerous tariffs. These measures have led to some changes in international trade patterns, but evidence that
The World Trade Organization (WTO) on Thursday released its outlook for world merchandise trade in 2022 and 2023. Its 0.8% forecast for world trade in 2023 represents a downward revision of 0.9 percentage points from the previous forecast last April, which predicted a 1.7% increase in merchandise trade.
UNCTAD stressed that urgent action is needed to counter projected increases in food insecurity, which is already contributing to rising poverty and inequality, especially in developing countries. This problem is occurring while international tensions persist and the effects of climate change are becoming increasingly evident. In UNCTAD’s view,