​WTO Goods Trade Barometer

  • Indian merchandise exports could likely improve in the second half of the year, as the World Trade Organization (WTO) Goods Trade Barometer on 5th September, 2024, indicated an upturn in global trade volume.
  • The Goods Trade Barometer, formerly the World Trade Outlook Indicator, is a leading indicator that signals changes in world trade growth two to three months ahead of merchandise trade volume statistics.
  • It combines information on several component indices representing trade-related variables including export orders, international air freight (IATA), container shipping, automobile sales and production, electronic components and agricultural raw materials.
  • A reading of 100 indicates trade expansion in ....
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