• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
A close up of a computer screen showing stock market data reflecting Stabilization in the Global Trade Barometer amidst Uncertainties.

Global Trade Barometer Indicates Stabilization Amidst Uncertainties

11/27/2023
Netanyahu at White House as Trump Hints at New Tariffs

Netanyahu at White House as Trump Hints at New Tariffs

07/08/2025
Reciprocal Tariff Deadline Extended to August 1 as Trump Renews Duty Threats

Reciprocal Tariff Deadline Extended to August 1 as Trump Renews Duty Threats

07/08/2025
Trump Extends Tariff Deadline, Warns of New Duties Up to 40%

Trump Extends Tariff Deadline, Warns of New Duties Up to 40%

07/08/2025
Trump Sets 25% Tariffs on Japan, South Korea, Adds Duties for 12 Nations

25% Tariffs on Japan, South Korea Set, Plus New Duties for 12 Nations, Trump Confirms

07/08/2025
Trump Extends Tariff Deadline for 14 Countries Until August

Tariff Deadline for 14 Countries Extended Until August, Says Trump

07/08/2025
Innovative Filtrex Techno Engineering India Pvt. Ltd. Earns Nomination for Go Global Awards 2025

Innovative Filtrex® Expands Global Presence with Sustainable Engineering and Clean Energy Solutions

07/07/2025
Innovative Filtrex Techno Engineering India Pvt. Ltd. Earns Nomination for Go Global Awards 2025

Innovative Filtrex Techno Engineering India Pvt. Ltd. Earns Nomination for Go Global Awards 2025

07/07/2025
Q2 U.S. Auto Sales Grow, While Tariffs Threaten Higher Prices

Q2 U.S. Auto Sales Grow, While Tariffs Threaten Higher Prices

07/03/2025
Rising Import Costs Put Pressure on U.S. Restaurants Amid Tariffs

Rising Import Costs Put Pressure on U.S. Restaurants Amid Tariffs

07/03/2025
Vietnam Trade Deal Secured as U.S. Prepares for Tariff Changes

Vietnam Trade Deal Secured as U.S. Prepares for Tariff Changes

07/03/2025
U.S. and Vietnam Reach Trade Agreement Including New 20% Tariff on Imports

U.S. and Vietnam Reach Trade Agreement Including New 20% Tariff on Imports

07/03/2025
Uncertainty Grows as July 9 Tariff Deadline Nears Amid Ongoing Trade Talks

Uncertainty Grows as July 9 Tariff Deadline Nears Amid Ongoing Trade Talks

07/03/2025
supplychainreport
Thursday, July 10, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Global Trade Barometer Indicates Stabilization Amidst Uncertainties

by Geraldine S.
11/27/2023
in Global Trade, Market Trends

The Goods Trade Barometer has registered a reading of 100.7, an increase from its August figure of 99.1 and closely approaching the benchmark of 100. This development suggests a trend towards the stabilization of global merchandise trade volumes by the latter half of 2023, even as the landscape remains fraught with uncertainties stemming from inconsistent economic data and growing geopolitical tensions.

Serving as a composite leading indicator, the Goods Trade Barometer offers timely insights into the direction of global merchandise trade compared to historical patterns. Readings above 100 denote volumes that are exceeding typical trends, whereas figures below 100 indicate a potential decline in trade activity.

During the second quarter of 2023, the volume of world merchandise trade showed minimal growth, registering a 0.2% increase from the previous quarter but experiencing a 0.5% decrease compared to the year before. Expectations for the third quarter are more positive, potentially bolstered by an increase in GDP growth in the United States and China, in spite of the European Union’s economic stagnation impacting overall demand.

Trade growth on an annual basis for the fourth quarter is anticipated to be robust, in part due to a lower comparative base from the same quarter the previous year, which saw trade impacted by high energy costs, increasing interest rates, and disruptions caused by the pandemic. These trends align with the World Trade Organization’s (WTO) October 5, 2023 forecast, which projected a 0.8% growth in global trade volume for 2023. Though the forecast has remained consistent, the trade outlook now faces increased risks, particularly due to recent events in the Middle East.

The Barometer’s detailed components present a varied picture, with certain sectors showing strong performance above trend, notably in automobile sales and production (110.0) and electronic components trade (109.8). Conversely, indices for air freight (100.3), export orders (99.4), and container shipping (98.0) hovered at or slightly below the trend line. The raw materials index (95.6) notably fell below the trend, reflecting possible challenges.

The notable performance in the automotive and electronic components sectors is likely driven by a surge in global demand for electric vehicles, whereas the lower performance in the raw materials sector could reflect the impact of sustained high interest rates on the property markets.

Your source for supply chain report news updates: The Supply Chain Report. For international trade insights and tools, head to ADAMftd.com.

#GoodsTradeBarometer #GlobalTrade #TradeStabilization #MerchandiseTrade #TradeForecast #EconomicGrowth #GeopoliticalTensions #WorldTradeOrganization #USChinaTrade #AutomotiveTrade #ElectronicsTrade #AirFreight #ContainerShipping #RawMaterials #ElectricVehicles #TradeTrends #Q32023 #GlobalEconomy

YOU MAY ALSO LIKE

Netanyahu at White House as Trump Hints at New Tariffs

Reciprocal Tariff Deadline Extended to August 1 as Trump Renews Duty Threats

The Goods Trade Barometer has registered a reading of 100.7, an increase from its August figure of 99.1 and closely approaching the benchmark of 100. This development suggests a trend towards the stabilization of global merchandise trade volumes by the latter half of 2023, even as the landscape remains fraught with uncertainties stemming from inconsistent economic data and growing geopolitical tensions.

Serving as a composite leading indicator, the Goods Trade Barometer offers timely insights into the direction of global merchandise trade compared to historical patterns. Readings above 100 denote volumes that are exceeding typical trends, whereas figures below 100 indicate a potential decline in trade activity.

During the second quarter of 2023, the volume of world merchandise trade showed minimal growth, registering a 0.2% increase from the previous quarter but experiencing a 0.5% decrease compared to the year before. Expectations for the third quarter are more positive, potentially bolstered by an increase in GDP growth in the United States and China, in spite of the European Union’s economic stagnation impacting overall demand.

Trade growth on an annual basis for the fourth quarter is anticipated to be robust, in part due to a lower comparative base from the same quarter the previous year, which saw trade impacted by high energy costs, increasing interest rates, and disruptions caused by the pandemic. These trends align with the World Trade Organization’s (WTO) October 5, 2023 forecast, which projected a 0.8% growth in global trade volume for 2023. Though the forecast has remained consistent, the trade outlook now faces increased risks, particularly due to recent events in the Middle East.

The Barometer’s detailed components present a varied picture, with certain sectors showing strong performance above trend, notably in automobile sales and production (110.0) and electronic components trade (109.8). Conversely, indices for air freight (100.3), export orders (99.4), and container shipping (98.0) hovered at or slightly below the trend line. The raw materials index (95.6) notably fell below the trend, reflecting possible challenges.

The notable performance in the automotive and electronic components sectors is likely driven by a surge in global demand for electric vehicles, whereas the lower performance in the raw materials sector could reflect the impact of sustained high interest rates on the property markets.

Your source for supply chain report news updates: The Supply Chain Report. For international trade insights and tools, head to ADAMftd.com.

#GoodsTradeBarometer #GlobalTrade #TradeStabilization #MerchandiseTrade #TradeForecast #EconomicGrowth #GeopoliticalTensions #WorldTradeOrganization #USChinaTrade #AutomotiveTrade #ElectronicsTrade #AirFreight #ContainerShipping #RawMaterials #ElectricVehicles #TradeTrends #Q32023 #GlobalEconomy

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.