diff --git a/go.mod b/go.mod
index 1bdba5e389..f544385034 100644
--- a/go.mod
+++ b/go.mod
@@ -17,11 +17,11 @@ require (
 	github.com/shopspring/decimal v1.3.1
 	github.com/stretchr/testify v1.8.4
 	github.com/testcontainers/testcontainers-go v0.14.0
-	go.opentelemetry.io/otel/trace v1.16.0
+	go.opentelemetry.io/otel/trace v1.17.0
 	gopkg.in/yaml.v3 v3.0.1
 )
 
-require go.opentelemetry.io/otel v1.16.0 // indirect
+require go.opentelemetry.io/otel v1.17.0 // indirect
 
 require (
 	github.com/Azure/go-ansiterm v0.0.0-20210617225240-d185dfc1b5a1 // indirect
diff --git a/go.sum b/go.sum
index c41d7321ca..61548e9486 100644
--- a/go.sum
+++ b/go.sum
@@ -969,8 +969,8 @@ go.opentelemetry.io/contrib/instrumentation/google.golang.org/grpc/otelgrpc v0.2
 go.opentelemetry.io/contrib/instrumentation/net/http/otelhttp v0.20.0/go.mod h1:2AboqHi0CiIZU0qwhtUfCYD1GeUzvvIXWNkhDt7ZMG4=
 go.opentelemetry.io/otel v0.20.0/go.mod h1:Y3ugLH2oa81t5QO+Lty+zXf8zC9L26ax4Nzoxm/dooo=
 go.opentelemetry.io/otel v1.3.0/go.mod h1:PWIKzi6JCp7sM0k9yZ43VX+T345uNbAkDKwHVjb2PTs=
-go.opentelemetry.io/otel v1.16.0 h1:Z7GVAX/UkAXPKsy94IU+i6thsQS4nb7LviLpnaNeW8s=
-go.opentelemetry.io/otel v1.16.0/go.mod h1:vl0h9NUa1D5s1nv3A5vZOYWn8av4K8Ml6JDeHrT/bx4=
+go.opentelemetry.io/otel v1.17.0 h1:MW+phZ6WZ5/uk2nd93ANk/6yJ+dVrvNWUjGhnnFU5jM=
+go.opentelemetry.io/otel v1.17.0/go.mod h1:I2vmBGtFaODIVMBSTPVDlJSzBDNf93k60E6Ft0nyjo0=
 go.opentelemetry.io/otel/exporters/otlp v0.20.0/go.mod h1:YIieizyaN77rtLJra0buKiNBOm9XQfkPEKBeuhoMwAM=
 go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.3.0/go.mod h1:VpP4/RMn8bv8gNo9uK7/IMY4mtWLELsS+JIP0inH0h4=
 go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.3.0/go.mod h1:hO1KLR7jcKaDDKDkvI9dP/FIhpmna5lkqPUQdEjFAM8=
@@ -984,8 +984,8 @@ go.opentelemetry.io/otel/sdk/export/metric v0.20.0/go.mod h1:h7RBNMsDJ5pmI1zExLi
 go.opentelemetry.io/otel/sdk/metric v0.20.0/go.mod h1:knxiS8Xd4E/N+ZqKmUPf3gTTZ4/0TjTXukfxjzSTpHE=
 go.opentelemetry.io/otel/trace v0.20.0/go.mod h1:6GjCW8zgDjwGHGa6GkyeB8+/5vjT16gUEi0Nf1iBdgw=
 go.opentelemetry.io/otel/trace v1.3.0/go.mod h1:c/VDhno8888bvQYmbYLqe41/Ldmr/KKunbvWM4/fEjk=
-go.opentelemetry.io/otel/trace v1.16.0 h1:8JRpaObFoW0pxuVPapkgH8UhHQj+bJW8jJsCZEu5MQs=
-go.opentelemetry.io/otel/trace v1.16.0/go.mod h1:Yt9vYq1SdNz3xdjZZK7wcXv1qv2pwLkqr2QVwea0ef0=
+go.opentelemetry.io/otel/trace v1.17.0 h1:/SWhSRHmDPOImIAetP1QAeMnZYiQXrTy4fMMYOdSKWQ=
+go.opentelemetry.io/otel/trace v1.17.0/go.mod h1:I/4vKTgFclIsXRVucpH25X0mpFSczM7aHeaz0ZBLWjY=
 go.opentelemetry.io/proto/otlp v0.7.0/go.mod h1:PqfVotwruBrMGOCsRd/89rSnXhoiJIqeYNgFYFoEGnI=
 go.opentelemetry.io/proto/otlp v0.11.0/go.mod h1:QpEjXPrNQzrFDZgoTo49dgHR9RYRSrg3NAKnUGl9YpQ=
 go.uber.org/atomic v1.3.2/go.mod h1:gD2HeocX3+yG+ygLZcrzQJaqmWj9AIm7n08wl/qW/PE=