Exports slightly up

The volume of exports of goods increased by more than 1 percent in November relative to twelve months previously. In October, exports shrunk for the first time in nearly two years. The volume of imports grew by 1 percent in November. Volume figures have been adjusted for the number of working days.

January’s Exports Radar shows improvements a well as deteriorations. In the preceding six months, circumstances for exports had deteriorated continually.

The value of exported goods totalled 35.8 billion euro, i.e. 5 percent more than one year previously. The value of imports grew by nearly 4 percent to 31.1 billion euro, resulting in a 4.7 billion euro trade surplus, which is 0.6 billion above the November 2010 level.

The value of imports and exports of raw materials and mineral fuels grew substantially compared to November 2010. Higher oil prices played an important part in this respect.

For the first time in a long period, exports to non-EU countries performed better than exports to EU countries.

Export and import prices were respectively 3.7 and 2.7 percent up on twelve months previously. As a result, terms of trade improved compared to November 2010.

Exports of goods (volume adjusted for working days)

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