November 25, 2020

CPB World Trade Monitor September 2020

In September 2020, world trade grew by 2.1%, compared to August 2020. This is again less than the growth in August and July, when world trade increased by 2.4% and 5.0% respectively. In total, world trade is now almost 2% below the pre-corona level.

Read the complete accompanying press release.

Developments in global international trade and industrial production September 2020:

  • World trade volume increased 2.1% month-on-month (growth was 2.4% in August, initial estimate 2.5%) and growth was 12.5% in 2020Q3 (-12.2% in 2020Q2).
  • World trade momentum was 12.5% (non-annualised; 6.7% in August, initial estimate 6.8%).
  • World industrial production increased 0.9% month-on-month (having increased 1.1% in August, initial estimate 1.0%) and growth was 7.6% in 2020Q3 (-6.6% in 2020Q2).
  • World industrial production momentum was 7.6% (non-annualised; 4.5% in August, initial estimate 4.6%).

Note: From the previous publication onwards we have divided the region ‘’Asia excl China’’ into two separate regions, namely: ‘’Advanced Asia excl Japan’’, encompassing Hong Kong, Korea, Singapore, Taiwan, and ‘’Emerging Asia excl China’’.

The next release of the CPB World Trade Monitor is scheduled for 24 December 2020, 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

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).