1、Global Trade Outlookand StatisticsUpdate:October 2025GLOBAL TRADE OUTLOOK AND STATISTICS-UPDATE:OCTOBER 2025IIAbout the WTOThe World Trade Organization is the international body dealing with the global rules of trade between WTO members.Its main function is to ensure that trade flows as smoothly,pre
2、dictably and freely as possible,with a level playing field for all its members.DisclaimerThis publication has been prepared under the WTO Secretariats own responsibility.It does not necessarily reflect the positions or opinions of WTO members and is without prejudice to their rights and obligations
3、under the WTO agreements.The opinions expressed and arguments employed herein are not intended to provide any authoritative or legal interpretation of the provisions of the WTO agreements and shall in no way be read or understood to have any legal implications whatsoever.The terms and illustrations
4、used in this publication do not constitute or imply an expression of opinion by the WTO Secretariat concerning the status or boundaries of any territory.AcknowledgementsThis report was prepared by the Economic Research and Statistics Division under the supervision of Deputy Director-General Johanna
5、Hill.Lead contributors were Coleman Nee,Barbara DAndrea Adrian,Marc Auboin and Eddy Bekkers.Additional contributions through statistical production,modelling or drafting were provided by Shradha Bhatia,Lori Chang,Fabio Della Coletta,Florian Eberth,Lee Humphreys,Hryhorii Kalachyhin,Ksenia Koloskova,Y
6、ann Marcus,Theo Mbise,Donal Smith,Ying Yan and Toby Bushley.The Information and External Relations Division provided valuable support on the production of the report.1ContentsExecutive summary 2Outlook for world trade in 2025 and 2026 3Merchandise trade 4Commercial services 5Macroeconomic conditions