News / Global trade still growing and flowing – but is becoming more regionalised

© Joanne Zhe

Supply chains are becoming increasingly regionalised, particularly in Asia and Europe, while trade intensity is in decline, according to new research on globalisation published today.

While trade is still growing in absolute terms, cross-border goods have declined from 28.1% of the total share in 2007 to 22.5% in 2017, and volume growth has slowed from 2.1 times faster than GDP to 1.1, according to McKinsey’s Globalisation in Transition: the future of trade and value chains.

However, notes the report, this does not ...