Sun Kwang Newport Container Terminal in Incheon, South Korea. Video: SeongJoon Cho/Bloomberg 

The Winning Streak Builds on Bloomberg Trade Tracker


Global trade is keeping up its winning streak, posting shipping and exports gains in the face of significant headwinds for pandemic-era demand.

The Port of Los Angeles has kept especially busy over the past two months, and all 10 gauges on the Bloomberg Trade Tracker have sustained “normal” status since early September. The dashboard’s durable strength is unprecedented in its almost two-year history.

After a disastrous second quarter for global growth, exports have picked up in key markets, especially among electronics products, and businesses are restocking inventories.

The pace could be difficult to keep up throughout the typical year-end holiday rush. A run of further virus outbreaks across Europe and in the U.S., coupled with uncertainty around U.S.-China tension ahead of the American presidential election, could interrupt orders. For now, though, trade remains a fairly lonely bright spot for the global economy.

We’ve selected measures across shipping, sentiment and export volumes to watch for signs of stress amid the tensions. For the clearest indication, we measured how far each gauge is from historic norms.

How the indicators compare 👆

Latest data available for shipping, sentiment and export volume indicators, z-scores*