Contrasting export performance in first half of 2024 between developing and developed economies
Volume of merchandise exports, 2005=100, seasonally adjusted
UN Trade and Development, UNCTADstat.
This index indicates the change in exports, adjusted for the movement of prices, relative to the base year. Seasonal adjustment is based on X-12-ARIMA.
World merchandise export volumes, as measured in seasonally adjusted terms, stagnated throughout 2023. The trend reversed in the first quarter of 2024, driven by the strong quarter-on-quarter export performance of developing economies. In the second quarter of 2024, export volumes fell for developed economies (0.9 per cent), while developing economies recorded an increase of 0.7 per cent.