March 25, 2022

World Trade Monitor January 2022

World trade volume did not increase (0.0%) in January 2022 compared to December, when trade growth was still 1.2%. Emerging economies show declining growth in both imports and exports (-2.7% and -1.5%), especially in emerging Asia and China. Euro area trade increased with 0.9% for imports and 1.2% for exports. The figures for the United Kingdom are distorted by a change in the method of data collection. Global production rose 1.8% in January compared to December. In December this was 1.4%.

Developments in global international trade and industrial production January 2022

  • World trade volume increased 0.0% month-on-month (growth was 1.2% in December, initial estimate 1.1%).
  • World trade momentum was 3.3% (non-annualised; 2.7% in December, initial estimate 2.5%).
  • World industrial production increased 1.8% month-on-month (having increased 1.4% in December, initial estimate 1.2%).
  • World industrial production momentum was 3.3% (non-annualised; 1.4% in December, unchanged from initial estimate).

The next release of the CPB World Trade Monitor is scheduled for Monday 25 April 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

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).


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