World Trade February 2018 Nowcast: 141.0 (+14.0% YOY)

March 3, 2018

gKNi WT stood at 141.0 at the end of February

The gKNi World Trade Indicator (gKNi WTI) operated by LogIndex AG — the data company of Kuehne + Nagel Group — stood at 141.0 at the end of February. On an annual basis, this equates to +14.0% year-on-year, compared to +15,3% in the previous month (first estimate: +14,5% YoY).

Seasonally adjusted, the gKNi World Trade Indicator for February currently shows a month-on-month increase of +0.9%, after +3.1% in January. Over the past three months, the gKNi indicator has advanced significantly +4.8%.

As the gKNi World Trade Indicator is measured in USD, currency effects are notable. For example, the sample of European economies registered a YoY rate of +23% for February. In local currencies, the annual rate of change amounted eight percent, the same level as for the United States.

The gKNi WTI is part of a family of country and sector specific nowcasts that leverage one of the largest logistics and supply chain data-sets available. LogIndex is part of the Kuehne + Nagel Group — world’s leading seafreight provider, number two air cargo forwarder, number two global contract logistics provider, and European top 3 overland provider.

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World Trade Indicator at the end of February 2018 seasonally adjusted (SA): 141.0 points, Jan 2010 = 100 points. — WTO export and import data at the end of December 2017 (NSA): 142.3 (+10.8% YoY); Jan 2010 = 100 points.

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Month-over-month changes of gKNi World Trade Indicator (SA) and WTO Exports & Imports (NSA)

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World Trade Indicator (gKNi WTI) seasonally adjusted (SA), Jan 2010 = 100 points

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gKNi World Trade Indicator — exports and imports of the largest economies in the world: Annual rates of change past 12 months. On the top: median of all time series. See also preview, highlighted in blue (European countries in local currencies, Japan in JPY, other countries in USD).

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Heat Map with the latest trends, derived from LogIndex forecasts, official data and trade partners based on the historical share of merchandise trade (exports and imports) in USD, EUR, JPY, GBP, AUD and CAD.

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Kuehne + Nagel‘s Logistics Data Lake consists of proprietary and anomysed shipment data from all modes of transportation. In some areas, and in addition with external data sources, gKNi provides full-scale monitoring, such as for seafreight, with its average capacity of around 22 million containers (TEU) and air traffic with more than 110,000 flight movements per day.

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Reference month is December 2017. — * Unadjusted aggregate of countries and economies for which the Secretariat of the World Trade Organization (WTO) compiles monthly merchandise trade values (in USD). The totals cover over 90 per cent of world trade. Trade of fuel and commodity exporters in Africa and the Middle East is not included, due to the lack of data.

For more information see World Trade Indicator