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• Global goods trade expanded in the first half of 2025 compared with the same period of 2024 despite higher trade-policy uncertainty.
• Trade in services, which is reported with a lag, expanded in the January-to-May period, and international tourist arrivals continued to exceed pre-pandemic levels in most regions.
• Stress in global supply chains remained high, but container-fleet expansion helped restrain shipping costs.

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Trade Watch¡ªa joint product of the Trade and International Integration Unit in the World Bank¡¯s Research Group (DECRG) and the Trade Unit in the Trade, Investment, and Competition (TIC) department of the World Bank¡ªprovides up-to-date data from an array of sources, along with analysis of recent trade developments.

About the Trade Watch series

The series relies on real-time shipping data, official trade statistics for goods and services, and other sources to provide a perspective on how trade is responding to the latest economic developments.
 

Past issues of Trade Watch

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