March 25, 2020

CPB World Trade Monitor January 2020

The CPB World Trade Monitor shows that the volume of world trade decreased 1.2% in January 2020, having increased 0.4% in December (initial estimate 0.3%). Note: The CPB publishes a World Trade Monitor every month on behalf of the European Commission. It takes two months for the figures to become available. This monitor therefore does not show the current situation, but the situation in January. In this month, the spread of the coronavirus was still limited and the consequences of the coronavirus very uncertain.
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Developments in global international trade and industrial production January 2020:

  • World trade volume decreased 1.2% month-on-month (growth was 0.4% in December, initial estimate 0.3%).
  • World trade momentum was -0.8% (non-annualised; -0.4% in December, unchanged from initial estimate).
  • World industrial production decreased 4.8% month-on-month (having increased 0.2% in December, initial estimate 0.0%).
  • World industrial production momentum was -1.1% (non-annualised; 0.2% in December, initial estimate 0.3%).

The next release of the CPB World Trade Monitor is scheduled for 24 April 2020, 15:00 hours.

For questions. please contact

Read also the CPB Background Document 'The CPB World Trade Monitor: technical description'.

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').

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 (CPB Data).

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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