Word trade increased with 0,3% in February 2021. Trade growth is fueled by growth in emerging Asia (excluding China) for both imports (+ 5.5%) and exports (+ 2.8%). By contrast, China and the US are showing a contraction in both imports (US: -2.3%; China: -1.4%) and exports (US: -5.1%; China: -1.1%). Global industrial production declined slightly with -0.3% in February compared to January. Underlying this slight contraction is a -1.5% decline in developed economies. In emerging economies the industrial production increased with 0,8%.
Developments in global international trade and industrial production February 2021:
- World trade volume increased 0.3% month-on-month (growth was 1.9% in January, initial estimate 2.6%).
- World trade momentum was 2.9% (non-annualised; 3.5% in January, initial estimate 3.8%).
- World industrial production decreased 0.3% month-on-month (having increased 1.8% in January, initial estimate 1.7%).
- World industrial production momentum was 3.7% (non-annualised; 4.0% in January, initial estimate 3.9%).
The next release of the CPB World Trade Monitor is scheduled for 25 May 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 email@example.com.
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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Yes. All trade flows in the WTM are gross.
No. WTM trade flows are based on monthly Customs data and include goods trade only. Cross-border goods flows measured this way generally do not coincide with goods trade as reported in national accounts.
Volume series are series in constant dollar prices, that is base year prices. In the base year, the year total of volume equals the year total of nominal value and the year average of the price index equals 100. The base year currently is 2010. (See technical note Change of base year. (appendix)) At the level of individual countries, either import/export volume is computed from import/export value and import/export price or price is computed from import/export value and import/export, depending on the availability and reliability of data. Aggregate (regional) series in constant prices are the sums of country series in constant prices; aggregate prices are computed from aggregate value and aggregate volume.
See Table 2.1 (industrial production) and Table 2.2 (international trade) in the Background Document 'Technical Description'.