Independent journal on economy and transport policy
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In the third quarter, the value of world freight traffic reached a new all-time high
Compared to trade in goods, the growth of trade in services is more attenuated, which is below pre-pandemic levels
November 30, 2021
On an annual basis, in the third quarter of 2021 the increase in value of world trade was about +24%, significantly higher than pre-pandemic levels and with an increase of about +13% compared to the third quarter of 2019.
In the third quarter of this year the value of the trades of Services stood at about $1.5 trillion. In the period the cyclical growth of trade in goods is was about +0.7%, while that of services was of about +2.5%. On an annual basis, the trend growth rate relating to trade in goods was +22% against +6% trade in services.
UNCTAD predicts that in the whole of 2021 the total value of the trade in goods and services will increase by about 5.2 trillion dollars compared to last year and about 2.8 billion compared to the 2019, equal to increases of +23% and +11% respectively. Globally in 2021 the value of trade in goods is expected to reach a record high of $22 trillion, while that of trade in services is expected to be equal to about six trillion dollars, value slightly below the pre-pandemic level.
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On an annual basis, in the third quarter of 2021 the increase in value of world trade was about +24%, significantly higher than pre-pandemic levels and with an increase of about +13% compared to the third quarter of 2019.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
