Modest growth for exports

The volume of exports of goods grew by 3 percent in February relative to twelve months previously. Over the past five months, exports growth ranged between 3 and 6 percent. The volume of imports increased by 1 percent in February, the lowest growth rate in more than twelve months. Volume figures are adjusted for the number of working days.

The value of exported goods totalled 35.0 billion euros, approximately the same result as one year previously. The value of imported goods decreased by more than 3 percent to 31.1 billion euros, resulting in a trade surplus of 3.9 billion euros, i.e. an increase by 1.0 billion euros relative to February 2012. These value figures are not adjusted for the number of working days. February 2013 had one working day less than February 2012.

The value of imports of food, drinks, raw materials and mineral fuels improved relative to the same month one year previously. The value of exports of food, drinks and chemical products also grew. The value of imports from non-EU countries declined substantially, whereas the value of imports from EU countries improved.

Import prices were 0.2 up from one year previously, while export prices remained stable. As a result, terms of trade deteriorated marginally compared to February 2012.

The Exports Radar showed a mixed picture in April, just as in the preceding months.

The figures published in this update have been adjusted from those published on 15 April 2013. 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.

For more information on economic indicators, see the Economic Monitor.