The latest reading of the World Trade barometer Organization to formulate short-term forecasts on world trade development is 99.1, indicating that the scenario is still variable. Highlighting whereas this measurement is increasing compared to the previous one reading of 95.6 last May, and is close to base value of 100, the WTO explained that such a measure suggests whereas the volume of trade in goods increased in the second quarter after two quarters of decline, but remaining slightly below trend. According to the WTO, a sustained recovery In the third quarter of this year and subsequent months "it is less than certain as long as the component of orders of export of the barometer, which is based on the purchasing managers, remains weak."

The World Trade Organization has specified that in the first quarter of 2023 the volume of trade in goods is decreased by -1.0% year-on-year and -0.3% quarter-on-quarter, continuing the downward trend started in the last quarter of 2022. Several factors - the WTO specified - contributed declines, including high food prices and energy related to the war in Ukraine and monetary policies more restrictive aimed at combating inflation which are have been adopted in advanced economies.

If barometer readings above the base value of 100 Reflect higher than trend business volumes and lower readings to 100 suggest that trade in goods has fallen below below trend or will do so in the near future, in the latest readings most of the indices that make up the barometer were slightly below trend: these include the index of export orders (97.6), the transport index maritime container (99.5), the air transport index (97.5) and the commodity index (99.2). The main exceptions are was the index of automotive products (110.8), which is rose firmly above trend, and the component index electronic (91.5), which fell below trend. In in particular, the increase in exports of products automotive contributed to a more sustained than expected in Japan in the first half of 2023 and vehicle exports were also one of the few points of Strength for the Chinese economy that in recent months has struggled to gain momentum.