Global Trade is Growing... But So Are the Costs

Global trade is continuing to grow in 2026, with the latest UNCTAD figures showing international trade is on track to reach another record year. Goods trade increased by 12.5% during the first half of the year, while services trade also recorded solid growth of 10.5%.

At first glance, those numbers suggest a strong global economy. However, the story behind the figures is a little more complex.

A significant portion of that growth has been driven by rising prices rather than a dramatic increase in cargo volumes. Ongoing disruptions through the Strait of Hormuz, higher energy costs and increased transport expenses have pushed up the price of moving goods around the world. For businesses importing into Australia or exporting overseas, this means that even if freight rates remain relatively stable on some trade lanes, the overall landed cost of goods may still be increasing.

For Australian businesses, understanding these broader market conditions is becoming just as important as securing competitive freight rates.

The report also highlights East Asia as the major driver of global trade growth, with China and South Korea recording particularly strong import and export performance. Given Australia's close trading relationship with the region, this is positive news for many local importers and exporters. Increased manufacturing activity generally leads to more shipping capacity and stronger trade opportunities, although it can also place pressure on vessel space during peak periods.

Image credit: UNCTAD

Another interesting trend is the continued growth of technology related products. Demand for semiconductors, batteries, critical minerals and electric vehicles continues to rise, reflecting ongoing investment in artificial intelligence, digital infrastructure and clean energy. Australia plays an important role in supplying many of the raw materials that support these industries, creating long term opportunities for exporters.

For businesses managing international supply chains, the takeaway is simple. While global trade remains resilient, costs and market conditions continue to change quickly. Working with an experienced freight forwarding partner can help businesses navigate changing shipping conditions, monitor capacity and make informed decisions before issues become costly.

At End to End Logistics, we work closely with businesses across Australia, including here in Fremantle, to keep freight moving efficiently in an increasingly complex global market. Whether you're importing, exporting or reviewing your current supply chain, staying informed is one of the best ways to stay competitive.