1、Global Trade Outlookand StatisticsApril 2025About the WTOThe World Trade Organization is the international body dealing with the global rules of trade between nations.Its main function is to ensure that trade flows as smoothly,predictably and freely as possible,with a level playing field for all its

2、 members.DisclaimerThis publication has been prepared under the WTO Secretariats own responsibility.It does not necessarily reflect the positions or opinions of WTO members and is without prejudice to their rights and obligations under the WTO agreements.The opinions expressed and arguments employed

3、 herein are not intended to provide any authoritative or legal interpretation of the provisions of the WTO agreements and shall in no way be read or understood to have any legal implications whatsoever.The terms and illustrations used in this publication do not constitute or imply an expression of o

4、pinion by the WTO Secretariat concerning the status or boundaries of any territory.AcknowledgementsThis report was prepared under the leadership of Ralph Ossa,WTO Chief Economist and Director of the Economic Research and Statistics Division.Lead contributors were Coleman Nee,Barbara DAndrea Adrian,E

5、ddy Bekkers,Michael Blanga-Gubbay and Marc Auboin.Additional contributions through statistical production,modelling or drafting were provided by Shradha Bhatia,Lori Chang,Fabio Della Coletta,Florian Eberth,Lee Humphreys,Hryhorii Kalachyhin,Tinotenda Mataire,Donal Smith and Ying Yan.The Information a

6、nd External Relations Division provided valuable support on the production of the report.1Contents1.Executive summary 22.Outlook for world trade in 2025 and 2026 3Merchandise trade 3Commercial services trade 9Trade-related indicators 163.Drivers of trade and output 174.Fragmentation of world trade 2