Global trade slow, but signs positive for environmental goods - UNCTAD

clock • 2 min read

The latest update from UNCTAD, the United Nations Conference on Trade and Development, suggests that while global trade has slowed, it is seeing continued growth in trade of 'environmental goods' - refering to products that are designed to use fewer resources or emit less pollution than their traditional counterparts.  Global trade in goods was estimated at US$25trn in 2022, declining by 3% in the fourth quarter. But trade in services remained almost constant, finishing the year at US$7trn. The trend toward weaker trade has been especially felt in developing nations, since the end of ...

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