International trade in developing economies

Trade is recognized as a key factor for poverty reduction and economic growth in the 2030 Agenda (Tipping and Wolfe, 2016). SDG target 17.11 aims to significantly increase the exports of developing countries, with a particular view of doubling the LDCs’ share in global exports by 2020. Even before the COVID-19 pandemic, the prospects of the target being achieved were bleak. The share of merchandise exports for LDCs since 2011 had been hovering around just one per cent and amounted to only 1 per cent in 2021. In comparison, the indicator averaged 42 per cent in the same period for developing economies as a group.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Partnerships for the Goals