November 25, 2024

World Trade Monitor September 2024

World Merchandise trade decreased with 0.9% in September 2024 compared to the previous month, following an increase of 1.7% in July. This is evident from the monthly CPB World Trade Monitor. On the import side, emerging Asia (-5.8%), the United Kingdom (-3.1%), and Latin America (-2.4%) recorded declines. In contrast, the United States (+4.5%) and Eastern Europe (+1.9%) saw increases. On the export side, sharp declines were noted in the United Kingdom (-11.5%), China (-5.7%), emerging Asia (-2.4%) and other developed Asia (-2.1%). However, exports increased in eastern Europe (+4.7%), Japan (+4.0%), and Latin America (+2.8%).

Developments in global international trade and industrial production September 2024:

  • World trade volume decreased 0.9% month-on-month (growth was 1.7% in August, initial estimate 1.4%) and growth was 0.8% in 2024Q3 (0.9% in 2024Q2).
  • World trade momentum was 0.8% (non-annualised; 1.2% in August, initial estimate 1.1%).
  • World industrial production decreased 0.1% month-on-month (having increased 0.4% in August, initial estimate 0.3%) and growth was 0.6% in 2024Q3 (0.6% in 2024Q2).
  • World industrial production momentum was 0.6% (non-annualised; 0.6% in August, unchanged from initial estimate).

The next release of the CPB World Trade Monitor is scheduled for 24 December 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 October 2024 will be published on December 24th. If you have any questions, please contact wtm@cpb.nl.

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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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