From the award-winning and Sunday Times bestselling author of Material World, a story that will take you from ancient civilizations, empire and globalisation through to the most influential geopolitical issue of our times. The story of trade is the story of humanity. From the copper in Mesopotamian ploughs to the silicon atoms within the chip inside your smartphone, intricate global trading networks have evolved over millennia to fulfil the distinctly human desire to buy and sell.
Today, the volume of trade bestriding the planet is unprecedented. Yet, as fractures in the global order emerge – from an era of globalisation and untrammelled flows of goods and money to a new world of restrictions, intervention and, possibly, war – understanding this fundamental shift to the dominant economic consensus is more important than ever.
Ed Conway tells this extraordinary story through these three commonplace products – bread, cloth and cars. With a compelling blend of economic history and first-hand access to key figures and institutions, he takes us from policy treaties to ground level to show us the people who make, ship and sometimes smuggle the products we buy on a daily basis.
Discover the hidden, shifting trade world behind everything you see around you.
I listened to the audiobook version of this latest book by Ed Conway, who is a reasonably well-known TV presenter in the UK. I had been impressed with his previous book Material World.
This was fascinating and hugely educational for me. Rather than attempt the impossible, Conway focuses on 3 types of products to illustrate the world of trade – bread, clothes and cars. The section on clothes is itself sub-divided to look at wool, cotton, and synthetic fabrics. You’ll be amazed at the level of international interconnectedness in making these products, at the number of suppliers and at the number of tiers that exist for the manufacture of products, so much so that in many cases the company marketing the product doesn’t even know who all their suppliers are. There was also a really interesting section on the processes for getting around the sanctions on Russia, describing how products are exported to countries like Georgia, Azerbaijan, and the Central Asian republics before being re-exported to Russia. As Conway observes, “trade always finds a way.”
One thing I like about this author is that he doesn’t preach too much. The description of the “sanctions-busting” is a good example. Another author might have gone off on a rant about immoral it is. Conway tells you what’s going on, and leaves the reader to draw their own conclusions. Another example was on the labelling of machine-washable wool products. These are coated with a polymer to prevent the wool fibres from shrinking, but are allowed to be marketed as “pure wool” as long at the coating is less than 2% of the product in weight. Again, the reader gets the facts and can make their own mind up.
The book is international in scope, but Conway is a British author and the book is probably told more from a British perspective than American readers will be used to.
Despite his comment that “trade always finds a way” I had the impression that Conway was more sceptical about free trade than I had anticipated. He seems to lean towards the argument that countries should protect their strategic industries, for reasons of national security, and that it is dangerous to rely too much on foreign imports. As it happens, on the day I am writing this (28/09/2026) people in the UK are fretting about the possibility that President Donald Trump might ban exports of diesel fuel from the US, something that would have a catastrophic impact on the UK economy. It’s a strong argument in favour of what Conway says. Then again, restricting free trade invariably means higher prices for consumers in the long-run. There’s no perfect solution to the issue, and Conway acknowledges that the pattern of trade in the modern world has been driven by inexorable pressure from consumers for lower-priced goods.
The book is a collection of factoids around three sets of key products of human consumption, and therefore of human trade; these are bread, clothes and cars. Whilst I learnt things I didn’t know (a wet woolen pullover actively produces heat), many other things I did, and so I assume is the case with many other readers.
In simple terms, the message of the book is that trade is global and many components of products we use or consume on a daily basis originate in places far away from the country mentioned on the “Made in XYZ” label, and we are unaware of the complexity of these supply chains. And that some of these supply chains existed many centuries ago.
What I missed is a more conceptual framework, perhaps derived from a more systematic approach of the three studied categories. Notably in the “bread” section I felt drained in a sea of little factoids about bread making over the ages that in my mind failed to come together. Overall the author jumps around from one topic to another without linking these topics or adding and special insights. For example in the car section he gets into “lean manufacturing”, and then seemingly randomly moves to container shipping. Two topics I am fairly familiar with; both are covered with the same depth as a church in a tourist guide. (I could also point out some inaccuracies in the container ship paragraph but will leave that.)
Whilst I partially liked “Trade world” I wanted to like it more and I couldn’t get myself to give it a full 4 stars…(let alone 5..).
I thoroughly enjoyed Ed Conways last book - material world. In that one, we learned about the 6 materials that have the biggest impact on all of our lives
In this one, he digs into supply chain and explains how intrinsically linked and brittle our supply chains are. You’ll come to learn about the importance of bread, how a town just outside the M25 drove innovation in bread making, and why Chinese cars will most likely do to the car industry what Japan did to it (and the motorcycle industry) back in the 70’s
Just like his first book, I devoured it in about 3 days whilst on holiday. A fantastic read
Ein Blick auf Frühstückstisch, Kleiderschrank oder Parkplatz zeigt, wie eng unsere Welt zusammenhängt. Ed Conway nimmt in Trade World drei Alltagsdinge unter die Lupe: Brot, Kleidung und Autos. Klingt nach trockenem Wirtschaftsunterricht? Das verspricht mehr Zündstoff als eine Sitzung mit Excel und Filterkaffee.
Spannend ist, große Entwicklungen über Dinge zu erklären, die uns täglich begegnen. Es geht nicht nur darum, wo etwas hergestellt wird, sondern auch um Handelswege, Abhängigkeiten und Machtfragen. Mit Handelskriegen und neuen Beschränkungen wird klar: Globalisierung ist keine abstrakte Vokabel. Ihre Folgen landen direkt in unserem Alltag.
528 Seiten sind kein Häppchen für zwischendurch. Wer bei Wirtschaft und Weltpolitik innerlich die Rollläden runterlässt, braucht etwas Ausdauer. Wer verstehen möchte, wie Handel die Menschheitsgeschichte geprägt hat und warum seine Zukunft uns alle betrifft, findet hier einen reizvollen Zugang.
Trade World klingt nach einem Sachbuch, das den Blick auf gewöhnliche Dinge verändern kann. Und mal ehrlich: Wenn selbst Brot eine Weltgeschichte erzählt, schaut man beim nächsten Einkauf genauer hin.
Big fan of Ed Conway, so after 400 some pages I’m pretty disappointed with this one. Felt like he fed Material World into Claude and had it write this. Prose is flat, and the subject felt painfully elementary (who in the year of 2026 is surprised to learn than even a simple material like cotton has a long supply chain?). Even the in-person reporting sections didn’t add anything new or exciting to the story, but seemed to serve as a device for him to open each chapter with something mildly more interesting than the usual progress language.
Still love reading Ed and am excited for his next one, but I recommend skipping this at least!
Another revelatory masterpiece from Ed Conway. Every politician should read this - especially Donald Trump but I understand he doesn’t read books! Conway writes in such an engaging and entertaining style - it’s as gripping as many a page-turner novel.
Great book. Thought the part about bread went on a bit longer than it maybe needed to, but thought the rest of the book was fascinating like everything Ed talks about.
Fascinating, wide ranging across the planet & history. Lessons to be learned that we don’t want to act on apparently. Some rabbit holes here though, didn’t quite live up to the flawless Material World.
Worth your time and very interesting. In particular, the world is unstable and prices could rise for the next few decades leading to instability and war.
Brilliant. Fascinating. A must read for anyone (which means everyone) interested in how our world works. Well researched and written in a style that is easy for the layman to read and enjoy.