October 25, 2024

World Trade Monitor August 2024

World Merchandise trade increased with 1.4% in August 2024 compared to the previous month, following an decrease of 0.3% in July. This is evident from the monthly CPB World Trade Monitor. On the import side, we see an increase for Latin America (+2.7%), China (+2.6%), emerging Asia without China (+2.4%) and other advanced economies (+2.1%). The United States (-1.2%) showed a decline. On the export side the United Kingdom (+13.0%), China (+6.9%), the United States (+3.8%), other advanced economies (+2.3%) and advanced Asia without Japan (+2.2%) showed an increase. However, the exports of Latin America (-2.0%) displayed a decline.

Developments in global international trade and industrial production August 2024:

  • World trade volume increased 1.4% month-on-month (growth was -0.3% in July, unchanged from initial estimate).
  • World trade momentum was 1.1% (non-annualised; 0.5% in July, unchanged from initial estimate).
  • World industrial production increased 0.3% month-on-month (having increased 0.1% in July, initial estimate 0.0%).
  • World industrial production momentum was 0.6% (non-annualised; 0.6% in July, initial estimate 0.5%).

The next release of the CPB World Trade Monitor is scheduled for 25 November 2024, 12:00 hours.
 

The monthly CPB World Trade Monitor is an instrument with which CPB monitors the development of world trade and is published on behalf of the European Commission. It takes two months before the figures are available. The next CPB World Trade Monitor for the reporting month of September 2024 will be published on November 25th. If you have any questions, please contact wtm@cpb.nl.

If you want to receive an email alert every time CPB publishes its update of the world trade monitor, please subscribe to our alert service on this page ('Publications for policymakers').

The World Trade Monitor is partially financed by DG ECFIN (Directorate General of Economic and Monetary Affairs of the Economic Commission).

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