December 24, 2024

World Trade Monitor October 2024

World Merchandise trade is unchanged in October 2024 compared to the previous month, following an decrease of 0.8% in September. This is evident from the monthly CPB World Trade Monitor. On the import side the United States (-5.6%), Japan (-2.8%), and other advanced economies (-2.3%) recorded declines. In contrast, emerging Asia (+4.0%) and the United Kingdom (+3.0%) showed increases. On the export side Eastern Europe (-5.6%), Japan (-4.8%), the United States (-4.0%) and the United Kingdom (-2.3%) recorded declines. However, exports increased notably in China (+6.9%), emerging Asia (+5.1%) and Latin America (+2.6%).

Developments in global international trade and industrial production October 2024:

  • World trade volume increased 0.0% month-on-month (growth was -0.8% in September, initial estimate -0.9%).
  • World trade momentum was 1.1% (non-annualised; 0.8% in September, unchanged from initial estimate).
  • World industrial production increased 0.3% month-on-month (having increased 0.0% in September, initial estimate -0.1%).
  • World industrial production momentum was 0.5% (non-annualised; 0.5% in September, initial estimate 0.6%).

The next release of the CPB World Trade Monitor is scheduled for 24 January 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 November 2024 will be published on January 24th 2025. 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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