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International Trade (Exports) In Relation to Global GDP 1960-2021
Global trade (merchandise exports) was only 9% of global GDP, back in 1960, while it has now reached one quarter of global GDP; this means that $1 out of every $4 spent in the world is spent somewhere along the global trade value chain. It’s not surprising when one contemplates the hyperconnected, globalized, and consumeristic world we live in today. Global trade acts as the superhighways connecting the world with goods from all around the world.
Related Report
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Sustainable International Trade for a Resilient Future
We invite you to explore our in-depth special report, which not only highlights the urgency of transitioning to sustainable international trade but also showcases the innovative solutions being implemented around the globe. With many countries committing to achieving net zero carbon emissions by 2050, there is a race against the clock to upgrade the world’s energy and trade infrastructure to achieve this. In this report, we highlight strategies used by trade stakeholders worldwide to foster a sustainable future, focusing on decarbonization, energy and food security, and environmental impact mitigation.
