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• Global goods trade continued to expand rapidly in the five months from October 2024 through February 2025 amid a spurt in demand fueled by expectations of higher import restrictions in the US.
• Trade in services, which is reported two months after goods, expanded further in the October to December period, and international tourist arrivals recovered to exceed pre-pandemic levels.
• Stress in global supply chains remained high in March 2025, driven by the increase in goods trade. Container-fleet expansion helped restrain shipping costs amid supply-chain pressures.

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Trade Watch—a 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—provides 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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