February 25, 2022

World Trade Monitor December 2021

In December 2021 world merchandise trade increased 1.1% compared with November. This is shown by the CPB World Trade Monitor. Yearly growth for 2021 is 10.3%, which makes the level of merchandise trade considerably larger than before the pandemic unfolded. Global merchandise trade has proven to be resilient against new outbreaks of the virus. Especially China and other emerging Asia benefited in 2021 of the increase in trade.

Read the accompanying press release.

Developments in global international trade and industrial production December 2021:

  • World trade volume increased 1.1% month-on-month (growth was 1.9% in November, initial estimate 2.0%) and growth was 2.5% in 2021Q4 (-0.9% in 2021Q3).
  • World trade momentum was 2.5% (non-annualised; 0.7% in November, unchanged from initial estimate).
  • World industrial production increased 1.2% month-on-month (having increased 1.5% in November, initial estimate 1.3%) and growth was 1.4% in 2021Q4 (-0.2% in 2021Q3).
  • World industrial production momentum was 1.4% (non-annualised; -0.2% in November, initial estimate -0.3%).

The next release of the CPB World Trade Monitor is scheduled for Friday 25 March 2022, 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 wtm@cpb.nl.

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').

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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