Using newly released and globally available high-resolution remote sensing data on forest loss, the article assesses determinants of deforestation in developing countries. According to the study, agricultural trade is considered one of the main factors causing deforestation. The effect of international trade is different in countries with different levels of forest cover, and they react differently to a shock in the value of agricultural exports. It is considered that the development of countries can be critical in assessing trends on global deforestation. The impact of trade is high in countries with a large proportion of forest cover, while it is lower in countries with less forest cover remaining.