WTO Concerned over Global Trade Decline


The World Trade Organization Quarterly Outlook Indicator dropped from 98.6 in November to 96.3 in February, the lowest reading since March 2010.

The lower value is consistent with a warning issued in September that global trade growth would slow in 2019 based on international trade tensions and other economic issues.

The WTO Quarterly Outlook Indicator is based on a combination of trade volume during the previous quarter, export orders, airfreight and container-port throughput and agricultural products. Despite port throughput remaining high, downturns in airfreight, export orders, automobiles, and agricultural raw materials contributed to the decline in the index.