17/4/2011 00:00:00
In February 2011, has been detected a decrease in short-term by 1.4% for exports and 0.4% for imports, due to the larger dips in the markets outside the EU (-4.3% for exports and -1.6% for imports), compared to limited growth in trade within EU markets (+1% for exports and +0.6% for imports). In the last quarter, the increase regards both streams, stronger in the area outside of the EU. The trend growth in February is high for both flows (exports +18.5% and imports +19.4%), limiting the increase of the first two months of the year to 21.2% for exports and 24.7% for imports, with a deceleration greater for non-EU trade. It is confirmed then the more sustained dynamic of average unit values of imports (+14.9%) compared to exports (+9.4%). The increase in volumes is smaller for imports (+3.9%) than exports (+8.3%). The deficit in the first two months of the year exceeds 10 billion, compared with almost 7 billion for the same period of 2010. During the same period, net of energy products, there is a surplus of 0.5 billion (+1.3 in the first two months of 2010). The main contribution to the trend growth of flows comes from the intermediate products, with trend increases higher for imports (+40.2%) than exports (+24%). The trade deficit for these products during the first two months rose to 4.2 billion. Imports of capital goods (-0.4%) and consumer durables (-2.1%) decline. The trade surpluses recorded in the first two months of the year for these types of goods are equal, respectively, to 4 and 1.3 billion. The more dynamic products exported are coke and refined petroleum products (+45.4%) and metals and metal products (+33.3%). Sales of metals to Germany, France and Switzerland and machinery to China led the growth of exports. The computer, electronic and optical equipment from China and crude oil from OPEC countries provide greater push to the growth of imports.
Download the complete text
Download the time series
Download the deepening report