World merchandise trade falls by 0.9% MoM in Feb 2023: Dutch CPB

30 Apr '23

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Insights

World merchandise trade fell by 0.9 per cent in February compared to the January figure, following a 0.3 per cent rise in January compared to December 2022, the Dutch Bureau for Economic Policy Analysis said.
World industrial production rose by 1.2 per cent MoM in the month, while there was a general decline of 2.1 per cent in imports in advanced economies.

World merchandise trade fell by 0.9 per cent in February this year compared to the January figure, following a rise of 0.3 per cent in January compared to December 2022, according to the Dutch Bureau for Economic Policy Analysis.

Most noteworthy is a general decline of 2.1 per cent in imports in advanced economies. The imports of the United States (minus 4.2 per cent) and the United Kingdom (minus 6.1 per cent) both fell back considerably.

China showed a slight increase in imports and exports (both 0.6 per cent) during the month. The eurozone saw a 1.6 per cent decline in imports but a 1 per cent rise in exports, the monthly CPB World Trade Monitor showed.

CPB is a part of the ministry of economic affairs and climate policy.

World trade volume decreased by 0.9 per cent month on month (MoM) in February this year, while world trade momentum was minus 2.2 per cent (non-annualised).

World industrial production increased by 1.2 per cent MoM, having increased by 0.7 per cent in January.

World industrial production momentum was 0.4 per cent in the month.

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