Sustaining Supply Chains, Building Futures
Delivering Sugar, Wheat, Rice, Coal, LPG and More Worldwide
Leading the Way in Global Agri and Energy Supply through Sustainable, Reliable, and Forward-Thinking.
Our expert team is dedicated to safeguarding the interests of our buyers, providing 360-degree solution through our innovative financial and logistical solutions to ensure smooth, secure, and efficient transactions. We strive to create a seamless supply experience that fosters trust and peace of mind for all parties involved.
Global trade has seen substantial growth from 2000 to the present, shaped by economic expansion, trade agreements, technology advancements, and the globalization of supply chains. Here’s an overview:
1. Global Trade Volume Growth (2000 - Present):
- 2000: Global trade volume was valued at approximately $6 trillion USD.
- 2008-2009 Financial Crisis: Trade volumes took a significant dip, with a decrease of nearly 10% in 2009. However, recovery was swift, with growth resuming by 2010.
- 2019: Global trade reached approximately $25 trillion USD, driven by the growth of major economies and expansion in emerging markets.
- 2020 (COVID-19 Impact): Trade volume dropped by nearly 8% due to pandemic-related disruptions. However, it rebounded in 2021 with approximately 9% growth.
- 2023: Global trade reached an estimated $32 trillion USD, fueled by strong demand recovery, expansion in digital trade, and increased trade in services.
2. Current Trends (2024):
- Diversification of Supply Chains: Companies are moving toward diversified and resilient supply chains to mitigate risks, especially in critical sectors like technology and healthcare.
- Digital and Service Trade: Services trade (such as IT, e-commerce, and digital platforms) has outpaced goods trade in growth, reflecting increased digitalization globally.
- Regional Agreements: Trade agreements, like the Regional Comprehensive Economic Partnership (RCEP) and the African Continental Free Trade Area (AfCFTA), are enhancing regional trade opportunities.
3. Forecast for Global Trade
(2024 - 2030):
- Short-term Growth: The World Trade Organization (WTO) projects a slower growth rate of around 2-3% annually in the immediate years due to global uncertainties, inflation, and geopolitical challenges.
- 2030 Projection: By 2030, global trade is expected to approach or exceed $40 trillion USD, spurred by emerging markets, advancements in renewable energy trade, and demand for sustainable goods.
- Green Trade Boom: Sustainability-focused trade, particularly in renewable energy, electric vehicles, and sustainable agriculture, is expected to expand significantly as countries commit to carbon-neutral goals.
Qurais - Supplying the World, Strengthening Economies.
Welcome to Qurais – a global leader in the supply of bulk commodities, delivering quality and reliability with over a decade of experience in the industry. At Qurais, we specialize in connecting markets around the world with essential raw materials, from energy products to agricultural commodities, supporting diverse sectors with the resources they need to grow and thrive.
Our expertise is built on years of dedicated service, trusted partnerships, and an unwavering commitment to excellence in logistics, sourcing, and quality assurance. We take pride in our role as a reliable partner, working closely with clients to meet their unique demands efficiently and sustainably. Qurais leverages a robust network of suppliers, rigorous standards, and innovative solutions to provide top-tier products on time, every time.
Discover the Qurais advantage – where experience meets excellence in global supply.