Infographic: Global Transactions Continue to Slide
Global Transaction Volumes Fell for the Second Quarter in a Row
For the second quarter in a row, global transactions continued their decline. Learn more in this deep-dive infographic that visualizes some of the trends and data from our Q2 2022 Global Trade Index.
Key takeaways:
- Global transactions continued their downward trend for the second quarter in a row, dropping an additional 6 points against the forecast range.
- The Eurozone and UK follow the global pattern dropping an additional 5 points below the expected range while supply chain activity in the US fared marginally better
- China experienced another 7 point fall in transaction volumes, attributable to more regional lockdowns and their zero-COVID policy.
- Costs rose sharply: the average value of an invoice on the Tradeshift network is 11% higher than the average in 2021
Download the full Global Trade Index Report here
*Note, the data presented is compiled from anonymous data from our platform.