Latest news with #GoodsTradeBarometer
Malaysiakini
3 hours ago
- Business
- Malaysiakini
World goods trade rebounds in anticipation of US tariffs
World goods trade increased sharply in early 2025 in anticipation of US tariffs, but weakening export orders suggest the momentum may not be sustained, the World Trade Organisation (WTO) Goods Trade Barometer showed, reported Sputnik/RIA Novosti. The WTO Goods Trade Barometer is a leading indicator of world trade that provides real-time information on the dynamics of goods trade in line with recent trends. Barometer readings above 100 are associated with above-trend trade volumes, while barometer readings below 100 suggest that merchandise trade has fallen below trend or will fall in the near future.
New Straits Times
3 hours ago
- Business
- New Straits Times
World goods trade rebounds in early 2025 in anticipation of US tariffs
MOSCOW: World goods trade increased sharply in early 2025 in anticipation of US tariffs, but weakening export orders suggest the momentum may not be sustained, the World Trade Organisation (WTO) Goods Trade Barometer showed, reported Sputnik/RIA Novosti. The WTO Goods Trade Barometer is a leading indicator of world trade that provides real-time information on the dynamics of goods trade in line with recent trends. Barometer readings above 100 are associated with above-trend trade volumes, while barometer readings below 100 suggest that merchandise trade has fallen below trend or will fall in the near future. "Global goods trade posted a strong uptick in early 2025 driven by importers frontloading purchases ahead of anticipated higher tariffs; however, weakening export orders suggest that this momentum may not be sustained. "The latest WTO Goods Trade Barometer rose to 103.5 — up from 102.8 in March, while the forward-looking new export orders index fell to 97.9, pointing to weaker trade growth later in the year," the organisation said on Thursday. On April 2, US President Donald Trump signed an executive order that implemented reciprocal tariffs on imports from various countries. The base tariff rate was established at 10 per cent, with higher rates applied to 57 countries based on the US trade deficit with each specific nation. On April 9, Trump declared that a baseline tariff of 10 per cent would be imposed for 90 days on over 75 countries that had not retaliated and had requested negotiations.
Business Recorder
10 hours ago
- Business
- Business Recorder
WTO trade barometer rises, but slowdown expected later in year
NEW YORK: The World Trade Organization reported a rise in its quarterly trade barometer on Thursday, driven by frontloading purchases but likely to be short-lived as weakening export orders suggest a slowdown later in the year. The WTO Goods Trade Barometer rose to 103.5, above the baseline of 100 dividing above- and below-trend trade volumes and slightly above a March reading of 102.8. 'The decline in export orders and the temporary nature of frontloading suggest that trade growth may slow in the months ahead,' the WTO said in a statement.
Economic Times
14 hours ago
- Business
- Economic Times
Worse trade outcomes possible if uncertainty spreads globally, warns WTO
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: Global goods trade posted a strong uptick in early 2025 but weakening export orders suggest that this momentum may not be sustained, the World Trade Organisation ( WTO ) Thursday said in its Goods Trade Barometer . The uptick was driven by importers frontloading purchases ahead of anticipated higher barometer rose to 103.5 up from 102.8 in March while the forward-looking new export orders index fell to 97.9 pointing to weaker trade growth later in the year. The barometer is a composite leading indicator for world trade, providing real-time information on the trajectory of merchandise trade relative to recent growth in the world merchandise trade turned positive the fourth quarter of 2023 and strengthened in 2024 as falling inflation and lower interest rates boosted real incomes and consumption.'Year-on-year trade growth eased in the fourth quarter of 2024 but new trade volume indices set for release in July areexpected to show a rebound in Q1,' WTO Global Trade Outlook and Statistics report of April predicted stable merchandise trade growth of 2.7% in 2025 under a low-tariff baseline scenario, and a decline of 0.2% in an adjusted forecast reflectinghigher tariffs and rising trade policy uncertainty 'Policy shifts since April have nudged the forecast up and down, but worse outcomes are still possible if uncertainty spreads globally,' it said.
The Star
15 hours ago
- Business
- The Star
WTO reports goods trade rise in early 2025, but slower growth ahead
GENEVA, June 26 (Xinhua) -- The World Trade Organization (WTO) said on Thursday that global goods trade posted an uptick in early 2025, but forecast weaker trade growth later this year. The WTO's latest Goods Trade Barometer, a composite leading indicator for global merchandise trade, rose to 103.5 from 102.8 in March. The rise was driven by importers frontloading purchases ahead of anticipated higher tariffs, the WTO said. Barometer values above 100 indicate above-trend trade volumes, while values below 100 suggest that goods trade has either fallen below trend or is likely to decline in the near future. However, the forward-looking new export orders index fell to 97.9, pointing to weaker trade growth later in the year, the WTO said. The WTO has forecast a basically flat growth in global merchandise trade at 0.1 percent, after the U.S. tariff policy uncertainty and subsequent developments had caused fluctuations in the forecast. The WTO warned of possible trade contraction if U.S. "reciprocal tariffs" are reinstated or if trade policy uncertainty spreads globally.
