Exports decreased across the globe in 2023, more so in developing economies
Merchandise exports growth rate, percentage, 2023
In 2023, developed economies registered decreasing exports of 2.8%, with considerable decline in Saint Pierre and Miquelon (-76.9%), Andorra (-34.6%), Norway (-30.5%) and Russian Federation (-28.4%). The overall decrease was starker in developing economies by 6.2%, led by Yemen (-63.7%), Guam (-57.7%) and Comoros (-42.5%), as well as in several other small island developing States. The North exported more merchandise than the South in 2023: developed economies contributed $13.3 trillion and developing economies $10.5 trillion to the value of world total exports.