Global trade poised for a record-breaking 2025 as flows expected to surge past $35 trillion

Global trade in goods and services continued to grow through the second half of 2025. If projections hold, global trade this year will exceed $35 trillion for the first time – an increase of about $2.2 trillion, or around 7%, compared with 2024.

Trade in goods will account for about $1.5 trillion of that rise, while services are set to grow by roughly $750 billion, nearly 9%.

UN Trade and Development (UNCTAD) expects growth to remain positive in the fourth quarter, though at a slower pace: 0.5% for goods and 2% for services.

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