From May to June 2024, global trade has exhibited some new dynamics and directions. Here are several noteworthy aspects:

1. Strong Recovery in the American Markets

The American markets, particularly the United States and Brazil, have shown strong signs of economic recovery. During this period, the demand for high-tech products and medical equipment imports surged in the United States, while Brazil’s agricultural exports reached new heights. The recovery of the American markets has injected new vitality into global trade.

2. Promotion of Sustainable Trade

In 2024, an increasing number of countries and companies have begun to prioritise sustainable development, incorporating it into trade policies and corporate strategies. The trade of green supply chains and renewable energy products has significantly increased, reflecting the global emphasis on environmental protection. This trend was particularly prominent from May to June.

3. Deepening of Regional Trade Agreements

During this period, several regional trade agreements were reached and deepened. For instance, the Regional Comprehensive Economic Partnership (RCEP) among Asian countries has played a crucial role in promoting intra-regional trade growth. The deepening of regional trade agreements not only helps reduce tariffs and non-tariff barriers but also enhances economic cooperation among member countries.

These two blog posts reflect the main trends and dynamics of global trade from May to June 2024, providing valuable information and insights for readers interested in international trade.