Trend of International Trade: A Comparative Analysis of Advanced and Emerging Countries

In this research paper an attempt is made to analyse the trend of international trade of advanced and emerging/developing countries. As international trade is considered as an engine of economic growth, it plays a vital role in enhancing the consumer’s welfare across nations. In this paper trend of international trade is analysed both in absolute terms and percentage change. The analysis is primarily based on secondary data sources: a) World Economic Outlook (WEO) published by International Monetary fund (IMF), b) Ministry of Statistics and Program Implementation (MOSPI). The article explores that the growth rate of international trade of goods and services is decreased from 4.7 per cent to 2.8 per cent from 2005-2014 to 2015-2023. COVID-19 had a very drastic impact on international trade during the period of 2019 and 2020. Moreover, paper reveals that the growth of volume of exports of developing nations was higher as compared to developed nations.