--- title: Global trade to fall by record 27% due to Covid-19, says UN description: Data reveals pandemic has caused severe decline in supply and demand for products image: https://blog.wtcmiami.org/hubfs/Guardian%20photo.jpg --- [![World Trade Center Miami facilitates two-trade in Miami and the Americas.](https://blog.wtcmiami.org/hubfs/WTCM%20-%20black%20logo-2.svg "World Trade Center Miami facilitates two-trade in Miami and the Americas.")](https://www.wtcmiami.org) # International Trade | Newsletter | WTCM ## [Global trade to fall by record 27% due to Covid-19, says UN](https://blog.wtcmiami.org/blog/global-trade-to-fall-by-record-27-due-to-covid-19-says-un) ** May 21, 2020 2:24:22 PM / by [The Guardian](https://blog.wtcmiami.org/blog/author/the-guardian) - [Tweet](https://twitter.com/share) Global trade is forecast to fall by a record 27% in the second quarter of the year after a slump in the export of cars, machine parts and oil. The coronavirus pandemic has hit the supply and demand for products across the world leading to a[ severe decline in world trade](https://www.theguardian.com/business/2019/sep/25/global-recession-a-serious-danger-in-2020-says-un), said Unctad, the United Nations organisation that tracks trade flows. Almost every category of goods is expected to suffer a fall in trade over the coming months, adding to a 3% decline in the first quarter of the year. [Unctad](https://www.theguardian.com/world/unctad) said the data revealed the huge shock to the global economy from the Covid-19 pandemic. China was the first country to report a decline in trade ahead of a lockdown put in place by the authorities in Beijing in February. The rest of the developed world followed in March when similar lockdowns were announced. [Read the full story here.](https://www.theguardian.com/business/2020/may/13/global-trade-to-fall-by-record-27-due-to-covid-19-says-un) Tags: [Industry News](https://blog.wtcmiami.org/blog/topic/industry-news), [May 2020 Newsletter](https://blog.wtcmiami.org/blog/topic/may-2020-newsletter) #### Written by [The Guardian](https://blog.wtcmiami.org/blog/author/the-guardian) ### Subscribe to Email Updates - [Recent](https://blog.wtcmiami.org/blog/global-trade-to-fall-by-record-27-due-to-covid-19-says-un#tab-1) - [Popular](https://blog.wtcmiami.org/blog/global-trade-to-fall-by-record-27-due-to-covid-19-says-un#tab-2) - [Categories](https://blog.wtcmiami.org/blog/global-trade-to-fall-by-record-27-due-to-covid-19-says-un#tab-3) ### Lists by Topic - [Industry News (34)](https://blog.wtcmiami.org/blog/tag/industry-news) - [April 2020 (18)](https://blog.wtcmiami.org/blog/tag/april-2020) - [July Newsletter (11)](https://blog.wtcmiami.org/blog/tag/july-newsletter) - [May 2020 Newsletter (10)](https://blog.wtcmiami.org/blog/tag/may-2020-newsletter) - [Trade Spotlight (10)](https://blog.wtcmiami.org/blog/tag/trade-spotlight) - [June 2020 (8)](https://blog.wtcmiami.org/blog/tag/june-2020) - [Opinion (4)](https://blog.wtcmiami.org/blog/tag/opinion) - [President's Message (4)](https://blog.wtcmiami.org/blog/tag/presidents-message) - [Chairman's Message (2)](https://blog.wtcmiami.org/blog/tag/chairmans-message) - [Media Feature (1)](https://blog.wtcmiami.org/blog/tag/media-feature) ### Posts by Topic - [Industry News (34)](https://blog.wtcmiami.org/blog/tag/industry-news) - [April 2020 (18)](https://blog.wtcmiami.org/blog/tag/april-2020) - [July Newsletter (11)](https://blog.wtcmiami.org/blog/tag/july-newsletter) - [May 2020 Newsletter (10)](https://blog.wtcmiami.org/blog/tag/may-2020-newsletter) - [Trade Spotlight (10)](https://blog.wtcmiami.org/blog/tag/trade-spotlight) - [June 2020 (8)](https://blog.wtcmiami.org/blog/tag/june-2020) - [Opinion (4)](https://blog.wtcmiami.org/blog/tag/opinion) - [President's Message (4)](https://blog.wtcmiami.org/blog/tag/presidents-message) - [Chairman's Message (2)](https://blog.wtcmiami.org/blog/tag/chairmans-message) - [Media Feature (1)](https://blog.wtcmiami.org/blog/tag/media-feature) [See all](https://blog.wtcmiami.org/blog/global-trade-to-fall-by-record-27-due-to-covid-19-says-un#) ### Recent Posts # About Us Miami's Platform for International Business. Our mission is to  promote and enhance trade and commerce by creating and expanding international business opportunities. [Learn More](http://www.worldtrade.org) # Contact Us ** 305-871-7910 ** [info@wtcmiami.org](mailto:info@wtcmiami.org) ** 5835 Waterford District Drive, Suite 100 Miami, FL 33126 Copyright 2020  [**](https://blog.wtcmiami.org/blog/global-trade-to-fall-by-record-27-due-to-covid-19-says-un#)