Global Supply Chains are Witnessing a Strong but Uneven Surge in Exports from Developed and Developing Markets in 2021, following a deep contraction in 2020. How will this impact global sourcing choices?
Date: 7 September 2021
Dynamic Global Supply Markets – For SEO purposes
- Exports for some of the global top exporters are experiencing a strong recovery in the first half of 2021, following an overall decline of 7.5% in global trade in 2020
- Despite the decline, selected emerging markets managed to marginally increase their cumulative share in global exports by 1.7%; however, this was mostly due to China’s growth in 2020
- Most of the selected emerging markets experienced some decline in their total exports in 2020, however stronger export figures particularly in the second quarter 2021 indicate significant growth for these dynamic markets
- China remains the world’s largest exporter, with strong first half 2021 export growth and a positive outlook for the remainder of the year
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