June 25, 2024

World Trade Monitor April 2024

World Merchandise trade increased with 1.5% in April 2024 compared to the previous month, following an decrease of 1.1% in March. This is evident from the monthly CPB World Trade Monitor. On the import side, we see an increase for the United Kingdom (+10.2%), Latin America (+3.3%), the United States (+2.1%), the eurozone (+2.0%), advanced Asia (+1.6%), and emerging Asia (+1.1%). Japan (-0.7%) and other advanced economies (-1.9%) showed a decline. On the export side most noteworthy are China (+5.2%), other emerging Asia (+2.4%) and advanced Asia (+2.2%). The exports of the United Kingdom decreased (-5.3%) however.

Developments in global international trade and industrial production March 2024:

  • World trade volume increased 1.5% month-on-month (growth was -1.1% in March, initial estimate -0.6%).
  • World trade momentum was 1.2% (non-annualised; 0.3% in March, unchanged from initial estimate).
  • World industrial production increased 0.4% month-on-month (having decreased 0.4% in March, initial estimate -0.3%).
  • World industrial production momentum was 0.2% (non-annualised; 0.1% in March, initial estimate 0.2%).

The next release of the CPB World Trade Monitor is scheduled for 25 July 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 May 2024 will be published on July 25th. If you have any questions, please contact wtm@cpb.nl.

You can also read the CPB Background Document 'The CPB World Trade Monitor: technical description (update 2023)'. 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 ('Publications for policymakers').

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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