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World trade up 5.3% in Jan-Mar, ahead of US tariffs: WTO
July 16, 2025
|Financial Express Kolkata
THE WORLD'S MERCHANDISE trade volumes rose 3.6% quarter-on-quarter and 5.3% year-on-year in January-March as imports surged in North America in anticipation of higher tariffs in the US, latest WTO data show.
Merchandise trade volume growth in the first quarter was stronger than the WTO's most recent forecast, but its economists expect the pace of expansion to slow later in the year as fully stocked inventories and higher tariffs weigh on import demand.
For 2025, the WTO has forecast a 0.2% decline in world merchandise trade.
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