The value of global food imports is projected to reach a record $ 1.98 trillion in 2023 , according to a World Trade Organization (WTO) press release. This is 1.5% more than in 2022, although less growth in both 2022 and 2021. The WTO Working Group on Food Security in Least Developed Countries and Food-Importing Countries considered a draft report on this issue. Financing of food imports is one of the topics discussed during the group's work.