January 25, 2022

World Trade Monitor November 2021

World trade volume increased 2.0% in November 2021 compared to October, following an increase of 1.1% in October (initial estimate: 1.6%). The growth is mainly due to advanced economies where both imports (3.6%) and exports (2.8%) have grown strongly. China's exports show a decrease of 4.1%, while imports still show a modest growth of 1.2%. Industrial production is also showing growth, which is mainly due to growth in advanced economies. China is also showing growth in this regard.

Developments in global international trade and industrial production November 2021:

  • World trade volume increased 2.0% month-on-month (growth was 1.1% in October, initial estimate 1.6%).
  • World trade momentum was 0.7% (non-annualised; -0.1% in October, initial estimate 0.0%).
  • World industrial production increased 1.3% month-on-month (having increased 0.6% in October, initial estimate 0.8%).
  • World industrial production momentum was -0.3% (non-annualised; -0.4% in October, initial estimate -0.3%).

The next release of the CPB World Trade Monitor is scheduled for Friday 25 February 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 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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