Global Trade Update February 2021 . East Asia manufacturing leading the global trade recovery
The recovery has been uneven, with many countries lagging. South-South trade remains well below average but for East Asia.
East Asian economies have been leading the recovery process with strong export growth and gains in global market share.
Most manufacturing sectors recorded positive trade growth in Q4. The main exceptions are the energy and transportation sectors. Led by trade in goods, global trade recovered in Q4, reducing its overall decline in 2020 to about 9%. Trade in services continues to lag.
East Asia manufacturing leading the global trade recovery.
Source: UNCTAD calculations based on national statistics. Estimates are based on changes between 2019 and 2020. The statistics for the groups are cumulative.
-UNCAT Geneva also photo