August 25, 2022

World Trade Monitor June 2022

World trade volume declined by 0.1% in June 2022 compared to May, following a 2.6% increase in May. In the second quarter of 2022, world trade increased by 0.8% (following 0.6% in the first quarter). Global industrial production increased by 1.2% in June compared to May. However, the total growth of the industrial production in the second quarter was negative: -1.6%.This is shown by the CPB World Trade Monitor.

Developments in global international trade and industrial production June 2022

  • World trade volume decreased 0.1% month-on-month (growth was 2.6% in May, initial estimate 2.5%) and growth was 0.8% in 2022Q2 (0.6% in 2022Q1).
  • World trade momentum was 0.8% (non-annualised; -0.6% in May, unchanged from initial estimate).
  • World industrial production increased 1.2% month-on-month (having increased 0.8% in May, initial estimate 0.4%) and growth was -1.6% in 2022Q2 (3.1% in 2022Q1).
  • World industrial production momentum was -1.6% (non-annualised; -1.0% in May, initial estimate -1.3%).

The next release of the CPB World Trade Monitor is scheduled for Friday 23 September 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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