diff --git a/packages/playwright-core/src/server/trace/recorder/tracing.ts b/packages/playwright-core/src/server/trace/recorder/tracing.ts
index c19c0a33d9..86a1fcfcea 100644
--- a/packages/playwright-core/src/server/trace/recorder/tracing.ts
+++ b/packages/playwright-core/src/server/trace/recorder/tracing.ts
@@ -353,7 +353,9 @@ export class Tracing extends SdkObject implements InstrumentationListener, Snaps
 
     const entries: NameValue[] = [];
     entries.push({ name: 'trace.trace', value: this._state.traceFile });
-    entries.push({ name: 'trace.network', value: newNetworkFile });
+    // Prefix network trace with the context guid, it can be used later to deduplicate
+    // network traces from the same context saved for beforeAll/test/afterAll hooks.
+    entries.push({ name: `${this._context.guid}.trace.network`, value: newNetworkFile });
     for (const sha1 of new Set([...this._state.traceSha1s, ...this._state.networkSha1s]))
       entries.push({ name: path.join('resources', sha1), value: path.join(this._state.resourcesDir, sha1) });
 
diff --git a/packages/playwright/src/worker/testTracing.ts b/packages/playwright/src/worker/testTracing.ts
index fde5ea5f3f..c0440b5424 100644
--- a/packages/playwright/src/worker/testTracing.ts
+++ b/packages/playwright/src/worker/testTracing.ts
@@ -318,6 +318,7 @@ async function mergeTraceFiles(fileName: string, temporaryTraceFiles: string[])
   const mergePromise = new ManualPromise();
   const zipFile = new yazl.ZipFile();
   const entryNames = new Set<string>();
+  const networkTraceEntries = new Map<string, string>();
   (zipFile as any as EventEmitter).on('error', error => mergePromise.reject(error));
 
   for (let i = temporaryTraceFiles.length - 1; i >= 0; --i) {
@@ -335,6 +336,15 @@ async function mergeTraceFiles(fileName: string, temporaryTraceFiles: string[])
           // Keep the name for test traces so that the last test trace
           // that contains most of the information is kept in the trace.
           // Note the reverse order of the iteration (from new traces to old).
+        } else if (entry.fileName.endsWith('.trace.network')) {
+          // Network trace file name format is <context guid>.trace.network
+          // Use only latest trace for each context if there are multiple traces,
+          // it will contain all previous events.
+          entryName = networkTraceEntries.get(entry.fileName);
+          if (!entryName) {
+            entryName = i + '-trace.network';
+            networkTraceEntries.set(entry.fileName, entryName);
+          }
         } else if (entry.fileName.match(/[\d-]*trace\./)) {
           entryName = i + '-' + entry.fileName;
         }
diff --git a/tests/playwright-test/ui-mode-test-network-tab.spec.ts b/tests/playwright-test/ui-mode-test-network-tab.spec.ts
index e1b3bef9ed..6905dec505 100644
--- a/tests/playwright-test/ui-mode-test-network-tab.spec.ts
+++ b/tests/playwright-test/ui-mode-test-network-tab.spec.ts
@@ -160,3 +160,39 @@ test('should display list of query parameters (only if present)', async ({ runUI
 
   await expect(page.getByText('Query String Parameters')).not.toBeVisible();
 });
+
+test('should not duplicate network entries from beforeAll', {
+  annotation: [
+    { type: 'issue', description: 'https://github.com/microsoft/playwright/issues/34404' },
+    { type: 'issue', description: 'https://github.com/microsoft/playwright/issues/33106' },
+  ]
+}, async ({ runUITest, server }) => {
+  const { page } = await runUITest({
+    'playwright.config.ts': `
+      module.exports = { use: { trace: 'on' } };
+    `,
+    'a.spec.ts': `
+      import { test as base, expect, request, type APIRequestContext } from '@playwright/test';
+
+      const test = base.extend<{}, { apiRequest: APIRequestContext }>({
+        apiRequest: [async ({ }, use) => {
+          const apiContext = await request.newContext();
+          await use(apiContext);
+          await apiContext.dispose();
+        }, { scope: 'worker' }]
+      });
+
+      test.beforeAll(async ({ apiRequest }) => {
+        await apiRequest.get("${server.EMPTY_PAGE}");
+      });
+
+      test('first test', async ({ }) => { });
+
+      test.afterAll(async ({ apiRequest }) => { });
+    `,
+  });
+
+  await page.getByText('first test').dblclick();
+  await page.getByText('Network', { exact: true }).click();
+  await expect(page.getByTestId('network-list').getByText('empty.html')).toHaveCount(1);
+});