Global Merchandise Trade Booms Amidst Tariff Concerns
The world's merchandise trade experienced a 5.3% year-on-year growth in early 2025, driven by increased North American imports ahead of anticipated US tariffs. While global trade rose 3.6% sequentially, the WTO predicts a slowdown due to high inventories and rising tariffs. Office equipment led sector growth.
- Country:
- India
The international merchandise trade sector has seen a significant boost, according to recent data from the World Trade Organization (WTO).
In the first quarter of 2025, global goods trade rose by 5.3% year-on-year, largely driven by an import surge in North America, which was preparing for higher tariffs in the US.
Despite the promising start, the WTO expects a slowdown for the rest of the year as existing inventories reach capacity and increased tariffs dampen import demand.
(With inputs from agencies.)
- READ MORE ON:
- global
- merchandise
- trade
- WTO
- North America
- tariffs
- imports
- equipment
- chemicals
- clothing
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