Exports shrinks

The volume of exports of goods was 2.7 percent lower in April than twelve months previously. Exports decreased for the first time since October 2011. The volume of imports decreased by 0.2 percent in April; this is in the same order of magnitude as in March. Volume figures are adjusted for the number of working days.

The value of exported goods totalled 34.6 billion euros, 1.9 percent down from twelve months previously. The value of imported goods decreased by 0.7 percent to 31.1 billion euros, resulting in a trade surplus of 3.5 billion euros, a decrease of 0.4 billion euros compared to April 2012. These value figures have not been adjusted for the number of working days. April 2013 had one working day more than April 2012.

The value of imports and exports of raw materials and mineral fuels and of machinery and transport equipment was lower than twelve months previously. The value of  imports and exports of food and drinks, on the other hand, grew substantially.

The value of exports to non-EU countries fell substantially, whereas the value of exports to EU virtually equalled last year’s level.

For the second consecutive month, import and export prices were down from one year previously. Export prices were 1.9 percent down, import prices fell by 3.2 percent. As a result, terms of trade improved compared to April 2012.

June’s Exports Radar shows a mixed picture, after a slight deterioration in May.

Exports of goods (volume adjusted for working days)