December 24, 2021

World Trade Monitor October 2021

The world trade volume increased 1,6%% in October 2021 compared to September, when trade growth was -1,1%. A substantial share of this increase can be attributed to the increase in exports of the US (9.3%) and imports of China (6.8%). The momentum stands at 0.0%. The momentum calculates growth in global trade volume over the past three months compared with the three months prior to that.

Developments in global international trade and industrial production October 2021:

  • World trade volume increased 1.6% month-on-month (growth was -1.1% in September, initial estimate -0.8%).
  • World trade momentum was 0.0% (non-annualised; -1.1% in September, unchanged from initial estimate).
  • World industrial production increased 0.8% month-on-month (having decreased 0.8% in September, initial estimate -0.9%).
  • World industrial production momentum was -0.3% (non-annualised; -0.2% in September, unchanged from initial estimate).

The next release of the CPB World Trade Monitor is scheduled for Tuesday 25 January 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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