World Trade January 2018 Nowcast: 138.9 (+14.5% YOY)

Feb. 2, 2018

gKNi WTI stood at 138.9 at the end of January, representing a 14.5% increase year-on-year

The gKNi World Trade Indicator (gKNi WTI) powered by LogIndex AG — the data company of Kuehne + Nagel Group — stood at 138.9 at the end of January. On an annual basis, this equates to +14.5% year-on-year, compared to +12.5% in the previous month (first estimate: +10.9% YoY).

Seasonally adjusted, the gKNi World Trade Indicator for January currently shows a month-on-month increase of +2.4%, after +0.8% in December and +3.4% in November. Over the past three months, the gKNi indicator has advanced significantly +6.7%.

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 January 2018 seasonally adjusted (SA): 138.9 points, Jan 2010 = 100 points. — WTO export and import data at the end of November 2017 (NSA): 148.0 (+13.5% 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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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 November in general. Data for December of the following countries are available: China, India, Japan, Brazil, South Africa. — * Unadjusted aggregate of countries and economies for which the Secretariat of the World Trade Organization (WTO) compiles monthly merchandise trade values. 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