Exports growth remains modest

The volume of exports of goods increased by nearly 5 percent in April relative to twelve months previously. The exports growth rate was slightly higher than in March. The volume of imports grew by nearly 2 percent. Volume figures have been adjusted for the number of working days.

According to June’s Exports Radar, the circumstances for exports are less favourable.

The value of  exported goods totalled 33.0 billion euro, i.e. more than 11 percent up on one year previously. The value of imports grew by more than 7 percent to 29.1 billion euro, resulting in a 3.8 billion euro trade surplus, which is 1.4 billion euro above April 2010.

The value of imports and exports of raw materials and mineral fuels grew substantially. Imports of food and drinks also increased significantly. Higher oil and food prices played an important part in this respect.

Imports from non-EU countries grew much faster than imports from countries within the EU. Exports showed a similar picture.

Export and import prices were respectively 6.6 and 6.1 percent up on twelve months previously. As a result, terms of trade improved marginally compared to April 2010.

The figures published in this update have been adjusted from those published on 15 June 2011. The revision is based on more recent and detailed information.

Exports of goods (volume adjusted for working days)

Exports of goods (volume adjusted for working days)

More figures can be found on the theme page International Trade.