February 25, 2025

World Trade Monitor December 2024

World Merchandise trade increased 1.1% in December 2024 compared to the previous month, following a decrease of 0.1% in October. This is evident from the monthly CPB World Trade Monitor. On the import side especially the United States (+3.8%), China (+3.0%), Japan (+3.1%) and other advanced Asia excluding Japan (+3.8%). In contrast, the United Kingdom showed a decrease (-3.4%). On the export side Japan (+7.6%) showed an substantial increase, following two consecutive months with declines. Other advanced Asia (+4.7%) also showed an increase in exports. However, the United States (-4.3%), and Latin America (-6.3%) showed a decrease.

Developments in global international trade and industrial production December 2025:

  • World trade volume increased 1.1% month-on-month (growth was -0.1% in November, initial estimate 0.4%) and growth was 0.7% in 2024Q4 (0.8% in 2024Q3).
  • World trade momentum was 0.7% (non-annualised; 0.4% in November, initial estimate 0.6%).
  • World industrial production increased 0.8% month-on-month (having increased 0.2% in November, initial estimate 0.3%) and growth was 1.0% in 2024Q4 (0.4% in 2024Q3).
  • World industrial production momentum was 1.0% (non-annualised; 0.6% in November, initial estimate 0.5%).

The next release of the CPB World Trade Monitor is scheduled for March 25 2025, 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 December 2024 will be published on February 25th 2025.
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).

Read more about