August 25, 2021

World Trade Monitor June 2021

World merchandise trade appears to stabilize, with a modest growth in June of 0.5%, compared to May, following a decline of 0.7% previous month. This seems to indicate the end of the vigorous recovery in global goods trade, after falling back severely last year with the outbreak of the corona crisis. The level in world merchandise trade is however still roughly 5% higher than it was prior to the pandemic.

Read the complete accompanying press release.

Developments in global international trade and industrial production June 2021:

  • World trade volume increased 0.5% month-on-month (growth was -0.7% in May, initial estimate -0.3%) and growth was 1.3% in 2021Q2 (3.5% in 2021Q1).
  • World trade momentum was 1.3% (non-annualised; 2.9% in May, initial estimate 3.1%).
  • World industrial production increased 1.0% month-on-month (having decreased 1.2% in May, initial estimate -1.1%) and growth was -0.2% in 2021Q2 (3.1% in 2021Q1).
  • World industrial production momentum was -0.2% (non-annualised; 0.4% in May, initial estimate 0.3%).

The next release of the CPB World Trade Monitor is scheduled for 24 September 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 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').

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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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