After a recovery in international trade in 2017 and the first half of 2018, economic conditions started deteriorating in the second half of 2018 and further in 2019. The reasons were trade tensions between the United States of America and China, fears of a disorderly Brexit in Europe and a negative global output outlook more generally. Preliminary data for 2019 indicate a sharp decline in trade growth to negative 3 per cent. This most recent trend would make target 17.11 of the Sustainable Development Goals more difficult to achieve.
This report is structured into two parts. The first part presents an overview of the status of international trade using preliminary statistics up to the third quarter of 2019. The second part provides illustrative statistics on international trade in goods and services covering the last decade. The second part is divided into two sections. Section 1 provides trade statistics at various levels of aggregation illustrating the evolution of trade across economic sectors and geographic regions.
The report is available from the UNCTAD website.