The World Trade Organization released a report on the 26th saying that global trade in goods showed strong growth in the first few months of 2025, but the growth momentum may not be sustained.

The latest issue of the "Goods Trade Barometer" released by the WTO shows that the global trade in goods index rose from 102.8 in March to 103.5, and the expectation of tariff increases led to a surge in imports in the first quarter.

However, the new export order index fell to 97.9, falling below the benchmark point of 100 and entering the contraction range, indicating that trade growth will slow down later this year.

According to the compilation rules of the global trade in goods index, the value of 100 is the benchmark point, which means that global trade in goods growth is in line with medium-term trend expectations. If the index is greater than 100, it means that global trade in goods is growing at a higher than expected level, otherwise it means that growth is lower than expected.

The WTO warned that in some cases, such as the full implementation of the US "reciprocal tariffs" or the spread of trade policy uncertainty around the world, trade contraction will be likely to occur.