WTO: Middle East Countries’ Exports Will Grow by 4.7% in 2024

The World Trade Organization (WTO) reports revealed its expectations for the growth rates of world exports this year and next year, as it indicated that countries of the Middle East region will be one of the world's highest regions with a growth rate of 4.7%.

The report added that North America's growth will be around 3.1%, while Europe's exports will grow by about 2% and Africa's by about 1.4%.

Asian exports will also grow by 4.7% in 2024, and South America by 0.6%.

In terms of imports, North America will increase by 1.4%, South America will increase by 2.3%, Europe will increase by 1.8%, Africa will increase by 5.5%, Asia will increase by 5.2%, and the Middle East will increase by 4.3%.