In the first half of 2023, global trade experienced a severe shock caused by the epidemic. However, according to reports from international agencies such as the UNCTAD and the WTO, global supply chains are returning to normal, with shortages of unnecessary consumer goods and delayed deliveries greatly improved. Though the volume and value of global commodity trade rebounded in the first quarter, global trade growth slowed in the second quarter, trade prospects are not optimistic in the second half, and trade growth throughout the year is likely to be lower than the previous level.

Analysis of Export Data

Vietnam: Exports fell 12.1% in June, total imports and exports $3166,5 billion, down 15.2% in June.

South Korea: Goods exports fell 12.3% in June, and goods imports and exports gross amounted to $6409,07 billion, a decrease of 10.02% compared to the same period.

Turkey: Exports fell 11% in June, and imports fell about 17% to $26.3 billion.

Egypt: Exports fell 44.9 percent in April, mainly due to a 75.6 percent drop in gas exports.

Brazil: Exports fell 8.1% in June, reaching $300.94 billion.

India: Exports fell 5.99% in May to $602,9 billion.

Thailand: Exports fell by 5.1% in May and trade exports fell by $116.6 billion.

Japan: Exports fell 4.0% in May, and the gross value of exports reached $538.45 billion.

U.S. exports fell 0.8% in May due to a drop in shipments of food and feed such as soybeans.

Germany: Exports fell 0.1% in May, reaching €130.5 billion.

Mexico: Exports fell 2.9 percent in April, reaching $462.24 billion.

Uzbekistan: Exports grew by 24.1% in January and about $105 billion in exports.

South Africa: Exports grew 12.3 percent in May, and exports grew 12.3 percent, to 184.2 billion Rand.

Australia: Exports grew by 4.4 percent in May, and exports grew by 4.4 percent, reaching approximately $577,7 billion.

Italy: Exports grew 4.1 percent in May and exports grew 4.1 percent in comparison.

New Zealand: Exports grew by 2.8% in May, and goods exported by 7 billion yuan, an increase of 2.8% compared to the same year.

Cambodia: Exports increased by 0.8 per cent in June, with exports worth $114.6 billion.

Chile: Exports grew by 7.3 percent in April, reaching 346.3 billion dollars.

Trade prospects

While global supply chains are recovering, slowing global trade growth and volatility in export data indicate that the global trade outlook for the second half of the year is not optimistic.