UNCTAD
Global Trade Set to Exceed $35 Trillion in 2025: East Asia and Africa Lead Growth While 2026 Outlook Remains Uncertain
Dec 10, 2025 10:13 am CST
According to the latest UNCTAD report, global trade will surpass $35 trillion in 2025, marking a 7% increase from 2024, driven primarily by East Asian and African markets. While goods trade grew by 6% and services by 9%, forecasts for 2026 indicate slower growth due to geopolitical tensions, rising debt, and economic uncertainty. Manufacturing, particularly AI-related electronics, showed strong 10% growth, while automotive trade declined by 4%.
India Calls for Global South Unity Against International Trade Barriers: Piyush Goyal at UNCTAD
Oct 23, 2025 12:42 am CST
Commerce Minister Piyush Goyal urged developing nations to unite against global trade challenges at the UNCTAD conference in Geneva, highlighting concerns over tariff barriers, environmental restrictions, and service sector obstacles. Goyal emphasized that these issues disproportionately affect developing countries pursuing growth and poverty reduction, calling for a reset in addressing these challenges.