Exports in decline

The volume of exports of goods was 2.3 percent down in April from April 2012. A decline in this order of magnitude has not occurred since October 2011. The volume of imports remained stable in April relative to twelve months previously, after a marginal decrease in March. Volume figures are adjusted for the number of working days.

The value of exported goods totalled 34.7 billion euros, i.e. 1.6 percent down from twelve months previously. The value of imported goods decreased by 0.5 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. The 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, of mineral fuels and of machinery and transport equipment was below the level of 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 significantly, whereas the value of exports to EU countries virtually equalled last year’s level.

For the second consecutive month, import and export prices were down from one year previously. Export and import prices fell by 2.0 and 3.2 percent respectively. As a result, terms of trade improved compared to April 2012.

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

Exports of goods (volume adjusted for working days)