CPB World Trade Monitor August 2020

In August 2020 world trade grew again by 2.5% compared to July 2020. This is less than the growth in July, which was 5.0% compared to June. In total, world trade is now 3 to 4% below the pre-corona level. Europe shows a strong export growth of 4.0%. Japanese exports are also growing strongly by 6.6%, while imports continue to fall (-2.1%). The growth of exports of the United States and China are average at 2.5% and 2.3% respectively; imports shows a similar growth with 2.3% and 3.4% respectively.
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