Global goods, services trade up 13% from pre-Covid levels in ’21: UNCTAD

China’s share rose to 4.5% from pre-pandemic levels of 3.5%. In its Global Trade Update, the Geneva-based agency said that global trade in goods and services touched a record high of $28.5 trillion in 2021, up almost 13% from the pre-pandemic levels, boosted by increases in commodity prices, subsiding pandemic restrictions and a strong recovery in demand due to economic stimulus packages.