Global merchandise trade has peaked since around 2015. The share of trade in relation to the global GDP is steadily declining as well, from a peak of 50% to around 40%. Is this an indication that peak globalization has been reached, or will global trade continue to rapidly grow in the coming years? What remains clear is that we are currently in a paradigm shift.
World Merchandise Trade, 1960-2020 | The Geography of Transport Systems (transportgeography.org)