Trade Watch Series

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Trade Remains Resilient to Trade-Policy Uncertainty

Global goods trade expanded in the third quarter of 2025 compared with the same period of 2024, despite higher trade-policy uncertainty.
Trade in services continued to grow in the July-to-September period, albeit at a slower pace, led by digitally enabled services.
Shipping costs remained low, as container fleet expansion continued to restrain shipping costs amid global supply chain pressures.

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Trade Watch—a joint product of the Trade and International Integration Unit in the World Bank’s Research Group (DECRG) and the Trade Unit in the Trade, Investment, and Competition (TIC) department of the World Bank—provides up-to-date data from an array of sources, along with analysis of recent trade developments.

About the Trade Watch series

The series relies on real-time shipping data, official trade statistics for goods and services, and other sources to provide a perspective on how trade is responding to the latest economic developments.

Past issues of Trade Watch

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