#global trade
The report highlighted the region’s performance in commodity exports, with the GCC ranking fifth worldwide in 2023
Developed economies led the charge in the third quarter, posting a 3 per cent rise in imports and 2 per cent growth in exports, indicating their stronger position in the global trade landscape
Quarter-on-quarter trade growth averaged 0.7 per cent over the last two quarters, which translates to an annualised rate of 2.7 per cent
Trade ministers will gather for a meeting in Abu Dhabi from February 26 to 29, where they will try to broker global trade agreements
The US and China showed signs of growing somewhat faster in the third quarter after a pronounced slowdown in the first half of 2023
Global import demand remained weak during Q2 2023, weighed down by sluggish economic growth in leading economies including the European Union and China