Global Merchandise Trade Surges in Q1 2026, Outpacing Expectations
Summary
Global merchandise trade grew strongly in Q1 2026, driven by increased trade in AI-related electrical equipment, offsetting adverse impacts from Middle East conflicts and shipping disruptions.
Key Points
- Global merchandise trade volume increased by 1.9% quarter-on-quarter and 3.2% year-on-year in Q1 2026.
- Trade value grew 2% quarter-on-quarter and 11% year-on-year, with AI-related electrical equipment trade rising over 40% year-on-year.
- Middle East conflict caused a decline in trade volumes in the region, with exports down 9.7% and imports down 11.9% year-on-year.
- Asia's trade volume expanded significantly, boosted by AI-related investment, with exports and imports increasing 12.9% and 14.6% respectively year-on-year.
