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- Published: Wednesday, 10 February 2021 11:46
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UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT
GLOBAL TRADE UPDATE : EAST ASIA MANUFACTURING LEADS GLOBAL TRADE RECOVERY
Led by trade in goods, global trade recovered in the last quarter of 2020, reducing its overall decline in 2020 to about 9%. Trade in services continues to lag.
The recovery process has been uneven, with many countries lagging. South-South trade remains well below average but for East Asia.
East Asian economies have been leading the recovery process with strong export growth and gains in global market share.
Most manufacturing sectors recorded positive trade growth in Q4. The main exceptions are the energy and transportation sectors.
Journalists having access to the UNCTAD virtual newsroom may download the new UNCTAD Global Trade Update.
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After the lifting of the embargo, documents related to the report will be available on the main UNCTAD website.
For further information or to request interviews with UNCTAD experts, please contact the UNCTAD Press Office (+41 22 917 5828/5549/5166, unctadpress@unctad.org).
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