Department for Business & Trade – Global Trade Outlook, Jun 2025

The main theme of the report is the analysis of global trade prospects amidst significant uncertainty caused by geopolitical, geoeconomic, and technological changes.

Key findings include the impact of recent shocks on the global trading system and the complexity of the current trade landscape. Positive prospects for UK trade are highlighted due to free trade agreements with India, the Economic Prosperity Agreement with the USA, and a new strategic partnership with the EU. The forecast for 2050 anticipates a population increase of 1.5 billion people, technological advancements, and a more even distribution of economic growth, contributing to the convergence of developing economies with wealthier countries. The report emphasizes the need for the UK to adapt its trade policy to effectively leverage opportunities in the global market.