Global trade expanded by $300 billion in H1 2025, with modest growth of 1.5 per cent in Q1 and a projected 2 per cent in Q2, according to UNCTAD.
Developed economies led the gains, while South-South trade stagnated.
Rising US tariffs and protectionist policies pose risks to global supply chains.
Still, freight recovery, regional integration, and services trade signal resilience.