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"global commerce" is a correct and usable phrase in written English.
You could use it when referring to business, trade, or economic activities that take place on a global scale. For example, "Global commerce has increased drastically over the past decade."
Exact(58)
THIS week's Economist reports on MasterCard's ranking of the world's leading centres of global commerce.
Textiles, if not garments, have always been a key element of global commerce.
Cities are on the rise, he said, gaining power and influence as hubs of global commerce.
The primary volcano hazard in Alaska is airborne ash, which endangers aircraft flying the busy North Pacific air routes and consequently affects global commerce.
9/11 was a cheap transnational operation that struck at the heart of global commerce.
One hundred years ago, the Panamá Canal was inaugurated, and ever since, it has been a major route for global commerce.
In his 80s, Mr. Haig ran Worldwide Associates, a firm offering "strategic advice" on global commerce.
Once mostly boom, bust and Boeing, Seattle rebuilt itself on high technology, global commerce and well-educated newcomers making waterproof peace with the weather.
The unprecedented fall, two percentage points larger than a WTO estimate released in December, represents the greatest decline in global commerce since World War II.
The United Nations Convention on Contracts for the International Sale of Goods (CISG) provided similar warranty rights and duties for certain buyers and sellers involved in global commerce.
Similar(1)
Free traders argue that global commerce is the single greatest anti-poverty programme the human race has devised.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com