February 28, 2024

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Electric vehicles and electronic components boost global trade: World Trade Organization

Electric vehicles and electronic components boost global trade: World Trade Organization

he Exchange of goods Among countries, strong movement is recorded in two categories in particular: in Automotive and electronicsThe World Trade Organization said.

While trading below the trend was observed in… raw materials.

in it Commodity trade barometerThe international organization confirmed that the best performance was recorded in indicators of sales and production of cars and trade in electronic components.

Read also Global economic trends and opportunity for Mexico

“The strength of automotive product and electronic component indices can be explained by the emergence of A Global demand for electric carsWhile the result was weak Raw materials trade This may be partly due to weak property markets as interest rates remain high.

size Merchandise trade It remained unchanged in the second quarter of 2023, increasing by only 0.2% compared to the previous quarter, but it is still 0.5% lower than the same quarter of last year.

For the year 2023, the World Trade Organization expects global merchandise trade growth to reach 0.8%, compared to 2022, despite the presence of risks on the global scene such as geopolitical tensions in the Middle East.

Read also Companies in Mexico that carry out international trade in services are increasing: Inegi




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