Geneva, Switzerland - September 04, 2024

Storyline:
The World Trade Organization's (WTO) Goods Trade Barometer released on Wednesday indicated that global goods trade continued its recovery in the third quarter of 2024.

The barometer, a composite leading indicator for global merchandise trade, recorded a latest reading of 103. Values above 100 indicate above-trend trade volumes, while those below 100 suggest that goods trade has either fallen below trend or is likely to do so in the near future.

The barometer reading of 103 suggests global merchandise trade volume growth remained positive in the second and third quarters of this year.

According to the WTO, trade increased by one percent quarter on quarter, and 1.4 percent year on year in the first three months of this year.

Recent data in value terms indicate weaker-than-expected trade growth in Europe, while other regions have experienced stronger-than-expected growth, it said.

Shotlist:
FILE: Geneva, Switzerland - June 21, 2022:
1. Various of World Trade Organisation (WTO) headquarters, WTO logo, sign;
FILE: Geneva, Switzerland - Date Unknown:
2. WTO logo, sign;
FILE: Geneva, Switzerland - June 21, 2022:
3. WTO sign, pedestrians;
FILE: Haikou City, Hainan Province, south China - Date Unknown:
4. Aerial shots of cargo ship sailing;
FILE: Tianjin Municipality, north China - 2022:
5. Aerial shots of containers, cranes at Tianjin Port;
6. Various of trucks, containers at port;
FILE: Xi'an City, Shaanxi Province, northwest China - Date Unknown:
7. Containers at land port;
8. Aerial shot of freight train running;
FILE: China - Exact Location and Date Unknown:
9. Containers being loaded;
10. Aerial shot of train moving;
FILE: Shenzhen City, Guangdong Province, south China - Date Unknown:
11. Various of goods being loaded onto cargo aircraft.

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