Recently, the World Trade Organization (WTO) released its latest forecast, and the global commodity trade volume is expected to grow by 3.2% in 2024, higher than previously expected, mainly benefiting from supply chain improvements and the recovery of demand in emerging markets.
The report pointed out that the performance of Asia was particularly strong, and the foreign trade exports of China, India and ASEAN countries all achieved significant growth. At the same time, the export demand of Latin American and African markets in the fields of minerals, agricultural products, etc. has increased, promoting the diversification of global trade.
However, the WTO also warned that geopolitical tensions and trade protectionism remain the main risks. Experts called on countries to strengthen cooperation and maintain the multilateral trading system to promote sustainable growth.