Archive · 19 Sep 2025
South-South Trade Growth Exceeds Global Pace
Countries in the Global South are trading more with each other, and it's growing faster than the rest of the world's trade.
This includes places like Latin America, Asia, and Africa.
A UN report says this type of trade has increased significantly.
It's not just about raw materials anymore; they are now trading more advanced products.
However, higher taxes on goods slow things down.
Countries are working together to help each other grow, including sharing energy resources and technology.
South-South trade is growing faster than global trade.
In 2023, South-South trade in goods reached $5.7 trillion.
Developing nations host over 65% of inward FDI.
Higher tariffs hinder trade, particularly on agricultural goods.
China is a major partner in South-South trade.
- Who
- Developing nations (Global South) and China
- What
- South-South trade is growing faster than global trade
- When
- Between 2000 and 2023
- Where
- Trade between developing countries
- Why
- South-South cooperation helps development
- South-South Trade Growth (2000-2023)
- 9.5% - 10% average annual rate
- Global Merchandise Trade Growth (2000-2023)
- 5.5% average annual rate
- South-South Trade in Goods (2023)
- $5.7 trillion
- South-South Trade Share of Global Merchandise Trade (2023)
- 24%
- Developing Countries' Share of Global FDI Inward (1990)
- 16%
- Developing Countries' Share of Global FDI Inward (Current)
- 65%
- Developing Countries' Share of Global FDI Outward (1990)
- 5%
- Developing Countries' Share of Global FDI Outward (Current)
- 32%