International maritime trade

UNCTAD forecasts maritime trade volume to expand by 2 per cent in 2024 and containerized trade volume by 3.5 per cent. In the period 2025–2029, UNCTAD projects that total seaborne trade will grow on average by 2.4 per cent and containerized trade by 2.7 per cent. This growth is driven by increased demand for major bulks such as bauxite, coal, containerized goods, grain, iron ore and oil. Infrastructure developments, technological advancements and the transition to cleaner energy are also expected to support continued trade growth. However, significant risks could still hinder a sustainable recovery in maritime trade. Geopolitical tensions and the growing severity and frequency of extreme weather events add to the underlying threats and vulnerabilities that could persist into 2025 and beyond.

Sustainable Development Goals:

No Poverty

Industry, Innovation and Infrastructure

Climate Action