New estimates show that world trade continues its remarkably strong but uneven recovery from the COVID-19 pandemic. Key findings include: - World trade in goods set a new record of $5.6 trillion in the third quarter of 2021. - Overall, trade in goods and services is projected to reach $28 trillion for the year, a 23% increase compared with 2020 and 11% above pre-COVID-19 levels. - Trade in services shows increasing momentum but remains below pre-pandemic levels. Global trade
The outlook for infrastructure investment is strong due to COVID-19 stimulus packages, but investment in industry remains weak. And while high-income countries more than doubled quarterly FDI inflows, low-income economies suffered a further 9% decline. Global foreign direct investment (FDI) flows in the first half of 2021 reached an estimated $852 billion, showing stronger than expected rebound momentum, according to UNCTAD’s Investment Trends Monitor released on 18 October.
The ASEAN Investment Report is an annual report analysing investment and related issues in ASEAN. It is prepared under a technical cooperation arrangement between the ASEAN Secretariat and UNCTAD, supported by the ASEAN-Australia Development Cooperation Program Phase II. Foreign direct investment (FDI) flows in ASEAN, an engine of global FDI growth for the past decade, fell by 25 per cent from its all-time high of $182 billion in 2019 to $137 billion in 2020 because of the im
Article by James Zhan, Director of Investment and Enterprise, UNCTAD courtesy of FDI Intelligence. The Covid-19 pandemic caused a triple economic shock — it hit supply, demand and policy-making at the same time. Foreign direct investment (FDI) paid the highest price as its drop in 2020 was significantly sharper than the drop in global gross domestic product (GDP) and trade. Looking ahead, I am cautiously optimistic about global FDI prospects in 2021, and more optimistic for 2
Trade facilitation can help protect public health while minimizing disruptions to trade as a result of COVID-19. Crowded border posts and longer truck lines lead to delays during a time when efficiency and speed are of the utmost importance to respond to the pandemic. UNCTAD urges agencies to coordinate and cooperate within and among countries to ensure that critical goods reach consumers and hospitals, in coastal and landlocked countries in particular. Border agencies are im
Investment flows plunged globally by 35% in 2020 due to the COVID-19 crisis. The fall was heavily skewed towards developed economies. Global foreign direct investment (FDI) flows are expected to bottom out in 2021 and recover some lost ground with an increase of 10% to 15%, according to UNCTAD’s World Investment Report 2021, published on 21 June. FDI flows plunged globally by 35% in 2020, to $1 trillion from $1.5 trillion the previous year, the report says. Lockdowns caused b
World trade’s recovery from the COVID-19 crisis hit a record high in the first quarter of 2021, increasing by 10% year-over-year and 4% quarter-over-quarter, according to UNCTAD’s Global Trade Update released on 19 May. According to the report, the impressive rebound in Q1 2021 continued to be driven by the strong export performance of East Asian economies, whose early success in pandemic mitigation allowed them to rebound faster and to capitalize on booming global demand for
UNCTAD says uncertainty about the COVID-19 pandemic’s evolution and the global investment policy environment will continue to affect FDI flows in 2021. For developing countries, the prospects for 2021 are a major concern. Global foreign direct investment (FDI) collapsed in 2020, falling 42% from $1.5 trillion in 2019 to an estimated $859 billion, according to an UNCTAD Investment Trends Monitor published on 24 January.
Such a low level was last seen in the 1990s and is more t
UNCTAD's James Zhan identifies the factors that will shape the coming decade in FDI, published by FDI Intelligence Over the past two decades, global value chains witnessed one of rapid growth followed by one of stagnation. The decade to 2030 is likely to be one of transformation for global value chains (GVCs), reshaping the global trade and investment landscape. The pandemic has caused a treble shock of supply, demand and policy. It has a severe impact on FDI and GVCs. I woul
UNCTAD estimates show a 5% drop in world trade in the third quarter of 2020 compared to 2019, an improvement from the 19% decline in the second quarter but insufficient to pull trade out of the red. Global trade recorded a 5% drop in the third quarter of 2020 compared with the same period last year, according UNCTAD’s new Global Trade Update published on 21 October.
This marks an improvement on the 19% year-on-year plunge recorded in the second quarter, and UNCTAD expects the
Sharing the latest report from UNCTAD on post Covid Trade & Development Covid-19 has served as a reminder that we live in a closely interdependent world that brings opportunities but also carries dangers. It has, just as importantly, shed light on a whole series of pre-existing conditions - from heightened inequality, to unsustainable debt and rampant environmental destruction - that were left unaddressed after the Global Financial Crisis. The world at the end of 2019 was, in
The COVID-19 pandemic is a calamity for global trade. UNCTAD forecasts that merchandise trade will fall by 20% in 2020 and by 27% during the second quarter of 2020. During this outbreak, an increasing number of obstacles including trade restrictions, lack of coordination between national border authorities, between countries and with logistics and transport operators led to a major slowdown in trade flows. In this context, trade facilitation (i.e. expediting the clearance of
Written by: Pamela Ugaz and Sijia Sun With the unprecedented global spread of COVID-19 in only one month, the World Health Organization has declared the virus a pandemic. The COVID-19 poses a severe global threat, not only substantially impacting people and public health, but also disrupting global trade. Border agencies face the challenge of expediting imports, including donations and emergency relief while ensuring epidemic prevention and providing adequate Customs clearanc
Great news from our partners at UNCTAD - In light of the COVID19 pandemic situation, UNCTAD eCommerce Week scheduled to take place late April will be replaced with an online version In these times where digital technologies are growing more and more important considering that so many countries are experiencing some forms of lockdown because of the pandemic, and that several activities (social and business related) are shifting online, we have decided to offer that opportunity
Great news from our friends & advisory council members at UNCTAD on the launch yesterday by Secretary General, Dr Mukhisa Kituyi of the project in Kinshasa, the capital of the Democratic Republic of the Congo, on 3 March. UNCTAD partners with the African Development Bank with to provide technical assistance and capacity-building support to five countries across the region Through the project, UNCTAD will offer technical expertise on the implementation of the World Trade Organ
Latest Asia Pacific Trade & Investment Report 2019: Trade costs of non-tariff measures are now more than double that of regular tariffs, the new Asia-Pacific Trade and Investment Report 2019 finds. Fuelled by legitimate public policy concerns and ongoing trade tensions, the number of non-tariff measures #NTMs has risen significantly. It is a concern for traders & policymakers who want trade to contribute to sustainable development. While applied tariffs in the Asia-Pacific re