Infographic: World Trade Data Reflects Sinking Activity in Q3
World trade activity suffered its third consecutive loss of quarterly momentum, with transaction volume growth tracking at 5 points below the expected range. Take a look at our world trade data infographic analyzing the biggest and most notable trends in global trade this past quarter from our Q3 Index.
Key world trade statistics at a glance
- Orders are drying up at an accelerating rate. Order volume growth was 9 points below the expected range in Q3.
- Manufacturing activity dropped to 11 points below the expected range. Retail supply chain activity dropped 9 points below the baseline in Q3, the slowest growth in 18 months.
- Europe’s energy crisis is hammering regional supply chains. Activity across the Eurozone slowed by a further 6 points in Q3. Momentum across UK supply chains fell by a further 5 points quarter-on-quarter.
- US trade activity has continued to buck the wider global trend. Total transaction volumes tracked at just 2 points below the expected level in Q3. Momentum is slowing but at a much gentler rate than elsewhere in the world.
- Trade across Chinese supply chains appeared to stabilize. Transaction volume growth was only 1 point below the baseline in Q3. But the overall picture in 2022 remains volatile.
- Spending on technology remained relatively robust. With activity trending within the expected range in Q3, Gartner sees IT spending holding steady at 3 percent growth for 2022.
To learn more about global trade trends from Q3 2022, download the latest Tradeshift Index of Global Trade Health.
