Global Trade Index

The Tradeshift Index of Global Trade Health Q2 2021

June 21, 2021 Tradeshift Editorial Team
Tradeshift’s Index of Global Trade Health analyzes anonymized data flowing across
our platform to reveal a timely perspective of how external events are impacting business to-business commerce around the world.

Q2 index highlights at a glance

• Global transaction volumes rose 9% in Q2, a slight slowdown compared to the
previous quarter, suggesting supply chain activity levels are becoming less volatile.
• Trade activity levels in China appear to be slowing however. For the second quarter in a row, transaction volumes in China dropped by more than 20%
• The US is now leading the recovery in trade activity globally having surpassed
China in Q2. Quarterly transaction volumes in the US have risen 145%, cumulatively, over the past year, compared to 125% growth in China.
• In the Eurozone, transaction volumes rose by 21% in Q2, more than double the global average.
• The UK recovery appears to be lagging. Quarterly transaction volumes dropped
15% in Q2, and cumulative growth is 59% below the pre-COVID level in March 2020.
• The global liquidity crunch on suppliers is turning into a chasm. Total order
volumes on Tradeshift surged 35% in Q2, but the total volume of supplier invoices processed rose just 2%.
• Manufacturing and retail transaction volumes remained unusually high in Q2
amid concern that the current demand spike is putting pressure on suppliers.
• Business travel spend is recovering, but is still 30% below the pre-COVID level .
Corporate hospitality spending is 81% lower than it was prior to the pandemic.

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