The volume of exports of goods grew by more than 4 percent in November relative to twelve months previously. In October, the growth figure was more than 5 percent. The volume of imports grew by nearly 5 percent in November, the same growth rate as in October. Volume figures are adjusted for the number of working days.
The value of exported goods totalled 37.9 billion euro, i.e. nearly 6 percent up from twelve months previously. The value of imported goods rose by 7 percent to 34.0 billion euro, resulting in a trade surplus of 3.9 billion euro, a decrease by 0.2 billion from November 2011.
The value of imports and exports of chemical products grew substantially in November.
Exports to EU countries grew about as much as exports to non-EU countries. In the preceding three months, exports to non-EU countries had grown more rapidly than exports to EU countries.
Export and import prices were respectively 1.4 and 2.4 percent higher than one year previously. As a result, terms of trade deteriorated compared to November 2011.
Most Exports Radar indicators showed some improvement in January. The real effective exchange rate was the only indicator to show deterioration.
Exports of goods (volume adjusted for working days)
More figures can be found on the theme page International Trade.For more information on economic indicators, see the Economic Monitor.