The report indicates that the expansion of international trade was primarily fueled by the AI industry. An increase in investment in computing capabilities and related infrastructure resulted in a rise in global shipments of servers and semiconductor products, mostly produced in Asia.
As per CPB, Japan’s exports increased by 3% from the previous quarter in January-March, whereas China’s exports rose by 11.3%. Simultaneously, imports of goods into the US rose by 6.3% during that timeframe.
The UN predicts that worldwide trade will expand by 1.5-2.5% this year, after a 4.7% rise in 2025. The World Trade Organization thinks that growth might hit 3% if the AI boom exceeds expectations.
source: reuters.com
