February 24, 2023

World Trade Monitor December 2022

In December 2022, world trade decreased with 0.9% compared to November 2022, according to the monthly World Trade Monitor of the CPB. Over the whole of 2022, world trade has grown by 3.2%, despite Russia's invasion of Ukraine.

Read the accompanying press release.

Developments in global international trade and industrial production December 2022

  • World trade volume decreased 0.9% month-on-month (growth was -1.7% in November, initial estimate -2.5%) and growth was -2.1% in 2022Q4 (1.3% in 2022Q3).
  • World trade momentum was -2.1% (non-annualised; -0.3% in November, initial estimate -0.8%).
  • World industrial production decreased 0.1% month-on-month (having decreased 0.2% in November, unchanged from initial estimate) and growth was -0.8% in 2022Q4 (1.2% in 2022Q3).
  • World industrial production momentum was -0.8% (non-annualised; -0.3% in November, initial estimate -0.1%).

The next release of the CPB World Trade Monitor is scheduled for Friday 24 March 2023, 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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