Global Merchandise Exports Fell in January 2025 as Demand for Goods From Emerging Market and Developing Economies Declines

International Merchandise Trade Statistics, Country Group Aggregates, January 2025
(Contributors: Levan Karsaulidze, Abdulrahman Gweder and Arushi Kapoor)

Seasonally adjusted global merchandise exports decreased 1.8 percent month-on-month in January, following a decrease of 0.3 percent in December 2024. The decline was mainly attributable to a 3.8 percent decrease in exports from the Emerging Market and Developing Economies (EMDE). Demand for goods from Emerging and Developing Asia (-6.2 percent), Emerging and Developing Europe (-3.0 percent), Middle East and Central Asia (-2.2 percent), and in Sub-Saharan Africa was particularly weak. The decline in exports among Advanced Economies (AE) was more muted, dropping -1.5 percent and contributing -0.2 percentage points to the total change. Exports increased 4.2 percent across Latin America and the Caribbean. 

Exports decreased -2.0 percent year-on-year in January 2025, where EMDEs and AEs experienced declines of 2.9 percent and 1.5 percent, respectively. 

Notes: Seasonally adjusted world and country group aggregates are derived from a sample of 109 economies that report monthly merchandise exports to World Trade Organization/International Financial Statistics. 

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