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World trade service review 2023
August 21 , 2023
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- The World Trade Organization (WTO) published the World Trade Statistical Review 2023.
- In 2022, global merchandise trade volume experienced 4.7% growth.
- Developed economies saw a growth of 4.2%.
- Developing economies and Least Developed Countries witnessed a more pronounced increase of 5.3% and 5.8%, respectively.
- China remained the top merchandise exporter in 2022.
- The United States and Germany ranked second and third in merchandise exports.
- India ranked 18th in merchandise exports and 7th in services exports.
- India was the 9th largest goods importer and 9th in services imports.
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