March 25, 2021

World Trade Monitor January 2021

World merchandise trade continued to grow in January 2021, with 2.6% compared to December 2020, leading to the highest level of world trade since October 2018. The growth can be explained for a large part by growth of imports and exports in China and developed Asia. Trade showed little growth in the United States, the Euro area and emerging Asia (China excluded).

Read the complete accompanying press release.

Developments in global international trade and industrial production January 2021:

  • World trade volume increased 2.6% month-on-month (growth was 0.3% in December, initial estimate 0.6%).
  • World trade momentum was 3.8% (non-annualised; 3.8% in December, initial estimate 4.0%).
  • World industrial production increased 1.7% month-on-month (having increased 1.4% in December, initial estimate 1.3%).
  • World industrial production momentum was 3.9% (non-annualised; 3.7% in December, initial estimate 3.5%).

The next release of the CPB World Trade Monitor is scheduled for 23 April 2021, 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).