Exports growth remains modest

The volume of exports of goods increased by 4 percent in April relative to twelve months previously. The exports growth rate was marginally higher than in March. The volume of imports shrank by 0.5 percent. Volume figures have been adjusted for the number of working days.

According to June’s Exports Radar, the circumstances for exports have deteriorated. 

The value of  exported goods totalled 33.1 billion euro, i.e. nearly 12 percent higher than one year previously. The value of imports grew by nearly 8 percent to 29.2 billion euro, resulting in a 3.9 billion euro trade surplus, which is 1.4 billion euro above the level in 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 7.8 and 8.5 percent up on twelve months previously. As a result, terms of trade deteriorated somewhat compared to April 2010.

Exports of goods (volume adjusted for working days)

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