December 23, 2022

World Trade Monitor October 2022

World merchandise trade volume decreased by 1.6% in October 2022 compared to September, following a 0.1% increase in September. Global industrial production also declined with 0.6% in October, compared to September. Both imports and exports have fallen globally, particularly in the eurozone and advanced Asia. This information is based on the CPB World Trade Monitor.

Developments in global international trade and industrial production October 2022

  • World trade volume decreased 1.6% month-on-month (growth was 0.1% in September, unchanged from initial estimate).
  • World trade momentum was 0.4% (non-annualised; 1.3% in September, initial estimate 1.2%).
  • World industrial production decreased 0.6% month-on-month (having increased 0.3% in September, unchanged from initial estimate).
  • World industrial production momentum was 0.8% (non-annualised; 1.3% in September, unchanged from initial estimate).

The next release of the CPB World Trade Monitor is scheduled for Wednesday 25 January 2023, 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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