World trade expanded strongly for decades before momentum weakened.
Nationalism and protectionism have slowed cross-border economic integration.
Financial crisis marked an early break in trade acceleration.
U.S.–China tensions added fresh pressure on global trade flows.
Covid pushed trade-to-GDP to 2003-level lows in 2020.
Trade rebounded fast, peaking at 62.8% in 2022.
By 2024, the ratio fell back to 56.8%.
🏅Maritime Analytica: "The next phase of globalization will not disappear, but reconfigure: fewer efficiency-maximized chains, more politically aligned corridors, regional buffers, and resilience-led routing decisions shaping future trade competitiveness and investment."
Mar 23
at
8:11 AM
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