Global trade is shifting towards South-South corridors, with this trade accounting for 35% of global commerce.
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Updated 4 hours ago
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What happened
Global trade is shifting towards South-South corridors, with this trade accounting for 35% of global commerce.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- A new trade deal has been reached between Europe and South America, leading to lower import taxes on hundreds of products.Sub-event
South-South trade now constitutes 35% of global trade, driving new trade corridors.1 source
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The entities involved
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Africa
continent
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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Latin America
region of the Americas where Romance languages are primarily spoken
Related events
- China and Russia are expanding their trade reach into Global South markets, aiming for $100 billion in annual bilateral trade by 2030.
- Strait disruptions from the Middle East are affecting global supply chains, while the South American market is exposed to global deficits.
- A cross-border bulk commodity trade platform was built, boosting trade with Africa, Latin America, and Central Asia.
- Exporters achieved a record goods trade surplus in 2025 by diversifying markets outside the U.S., involving China, Latin America, and Africa.