UNCTAD Reports Global Trade Reaches $35 Trillion Record Amid Shifting Policies

UNCTAD reports that global merchandise trade, including services, is projected to hit a record $35 trillion, surpassing previous peaks even as overall growth slows, according to its February 2026 trade update.

Global Trade analysis in the same UNCTAD briefing asks “who wins when trade policies shift?” and identifies emerging market exporters and digital services firms as primary beneficiaries of tariff reductions and new digital trade rules.

OECD notes that rising trade‑policy uncertainty is reshaping the global economic outlook in its 2026 report, prompting investors to reassess risk and urging governments to prioritize stable rule‑based frameworks to sustain growth.

TechUK releases a parallel update highlighting how UK technology firms, especially fintech and AI companies, are adjusting supply chains and seeking new market access under the evolving trade environment, emphasizing collaboration with EU partners to mitigate barriers.