Fuels and Mining Trade is Up 41% Since 2019 🛢️

What We’re Showing

This graphic shows global trade growth by product between 2019 and 2023, based on data from the World Trade Organization.

Key Takeaways

• Since 2019, global trade has increased by 25%, despite a 2023 downturn due to lower commodity prices and volumes.
• Fuels and mining products saw significant growth, driven by geopolitical tensions and rising demand for critical metals in the energy transition.
• Agricultural trade jumped 32% as droughts, supply chain disruptions, and conflicts fueled import demand.