December 24, 2020

World Trade Monitor October 2020

In October 2020, world trade grew again by 0.7% compared to September 2020. Due to continued growth in world trade since June, trade growth is still about 0.7% below the level at the end of 2019. The growth in October is, however, a lot lower than in September, when world trade increased by 2.7%. The months of November and December, which saw a rapid spread of COVID-19, can still have a negative impact on world trade, but the CPB has no data on this yet.

Read the complete accompanying press release.

Developments in global international trade and industrial production October 2020:

World trade volume increased 0.7% month-on-month (growth was 2.7% in September, initial estimate 2.1%).
World trade momentum was 10.2% (non-annualised; 12.5% in September, unchanged from initial estimate).
World industrial production increased 0.7% month-on-month (having increased 1.3% in September, initial estimate 0.9%).
World industrial production momentum was 6.0% (non-annualised; 7.9% in September, initial estimate 7.6%).

The next release of the CPB World Trade Monitor is scheduled for 25 January 2021, 12:00 hours.

CPB publishes a World Trade Monitor every month on behalf of the European Commission. It takes two months for the figures to become available. For questions please contact wtm@cpb.nl.

Read also the CPB Background Document 'The CPB World Trade Monitor: technical description (update 2020)'. In September 2016 (starting with the July 2016 monitor) the WTM base year has been moved from 2005 to 2010. Clarification of the procedure and its outcomes is given in the downloadable appendix (CPB Memo 'Change of base year WTM').

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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).