Today we’re talking about some of the changes in trade in goods volumes, over the past 12 months. A lot has changed. We’ve had a commodity supercycle, with prices surging despite low volumes and amidst the pandemic, trade tensions continue all around the world.
World trade of goods has declined some 12% in the last year, representing a loss of $22 trillion USD of trade. Is it all doom and gloom for trade, or will we see a resurgence? Data also lies at the heart of this problem, with siloed or even duplicated trade data flows. Today I’m catching up with Trade Data Monitor’s Chief Economic Analyst, John Miller.