September 23, 2022

World Trade Monitor July 2022

After a small decline in June (-0.6%), world trade is growing again in July 2022 (+0.7%). Growth is mainly driven by advanced economies. The United States and the United Kingdom are showing a strong decline in imports (-1.5% and -3.7% respectively), while exports are increasing (+4.2% and +6.7% respectively). Imports from the emerging economies are slightly increasing (+0.6%), while exports are declining (-2.0%). This is evident from the CPB World Trade Monitor.

Developments in global international trade and industrial production July 2022

  • World trade volume increased 0.7% month-on-month (growth was -0.6% in June, initial estimate -0.1%).
  • World trade momentum was 1.9% (non-annualised; 0.7% in June, initial estimate 0.8%).
  • World industrial production decreased 0.4% month-on-month (having increased 1.3% in June, initial estimate 1.2%).
  • World industrial production momentum was -0.4% (non-annualised; -1.6% in June, unchanged from initial estimate).

The next release of the CPB World Trade Monitor is scheduled for Tuesday 25 October 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').

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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