October 23, 2020

Rebound in world trade continues

In August 2020 world trade grew again by 2.5% compared to July 2020. This is less than the growth in July, which was 5.0% compared to June. In total, world trade is now 3 to 4% below the pre-corona level. Europe shows a strong export growth of 4.0%. Japanese exports are also growing strongly by 6.6%, while imports continue to fall (-2.1%). The growth of exports of the United States and China are average at 2.5% and 2.3% respectively; imports shows a similar growth with 2.3% and 3.4% respectively.
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Global industrial production picked up slightly in August by 1.0% compared to July. Almost all regions contribute to this (except Asia, excluding China), with Japan and Latin America showing relatively stronger growth. Growth in advanced and emerging economies remains virtually unchanged.

Look at the CPB World Trade Monitor.

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Foto Jeannette Duin
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