How did trade perform in the fourth quarter of 2021?

All major trading economies saw imports and exports rise above pre-pandemic levels in the fourth quarter of 2021, with trade in goods increasing more strongly in the developing world than in developed countries.

What will trade patterns look like in 2022?

Moreover, trade patterns in 2022 are expected to reflect the increasing global demand for products that are environmentally sustainable. The report also flags the record levels of global debt, warning that concerns over debt sustainability are likely to intensify due to mounting inflationary pressures.

What is the outlook for international trade in 2022?

“The positive trend for international trade in 2021 was largely the result of increases in commodity prices, subsiding pandemic restrictions and a strong recovery in demand due to economic stimulus packages,” the report says. “As these trends are likely to abate, international trade trends are expected to normalize during 2022.”

Is Q1 2022 a nowcast?

Q1 2022 is a nowcast. The report shows that in the fourth quarter 2021, all major trading economies saw imports and exports rise well above pre-pandemic levels in 2019. But trade in goods increased more strongly in the developing world than in developed countries.