The expected slowdown reflects the lower growth of both exports and domestic demand .

The downturn was primarily related to an unprecedented decline in exports and production .

ECB Eurosystem staff macroeconomic projections for the euro area June 2008 Export growth will be affected by the slowdown in the world economy in the projection period .

25 ( see Section 1 above ) , which led to a deceleration in export growth that was not matched by the slowdown in imports .

Second , given that the value added content of Chinese exports is relatively low ( as the import content of Chinese exports is relatively high ) , the direct impact of the global export slowdown on GDP growth was less severe .

cumulated 12 month data for the balances . Looking at the product breakdown of extraeuro area exports , there are indications that the slowdown in export volumes started somewhat earlier for consumption goods than for intermediate and capital goods .

In contrast to the synchronised downturn in trade around the turn of the year , export developments in 2009 were markedly less uniform across destinations .

On a more positive note , the euro area appears to have benefited from oil revenue recycling via increased demand from oil exporting countries compensating for some of the wealth transfer resulting from higher import prices . On the exports side , increases in both export prices and export volumes contributed to the growth in export values in 2006 .

On the exports side , both export prices and export volumes contributed to the growth in export values of goods in 2005 .

growth rate of export values mainly reflected developments in export volumes . Somewhat weaker growth in foreign demand and the appreciation of the euro contributed to the slowdown in extra euro area exports in the first half of the year .

The deceleration mainly reflected a decline in euro area exports and investment growth as a consequence of the global slowdown and , at the same time , a weakening of consumption growth .

The industrial sector ( excluding construction ) showed considerable resilience throughout the year which was closely related to the robust growth of exports , and this offset the slowdown in construction activity .

In addition , export growth was less affected than expected by the slowdown in world economic activity at the end of 1998 and the beginning of 1999 , while import growth decelerated considerably .

Despite the global economic slowdown , most countries have witnessed sustained rates of export growth over the past few years and , in many cases , have enlarged their market shares in the EU .

However , with exports accounting for more than one third of African GDP , economic activity in the region was also affected by the global slowdown .

As they prepare for the coming Chinese slowdown and seek to minimize the risk of regional destabilization, Asian economies must strengthen domestic demand and reduce excessive reliance on exports to China.

Such a breakdown shows that the strong rise in export values that took place in the first half of the year was mostly accounted for by robust growth in export volumes , while export prices remained subdued .

3 ) As a percentage of total exports and imports .

1 ) As a percentage of total exports and imports .

The projected improvement is supported by the revival of exports .

1 ) Trade weights are the sum of exports and imports expressed as total of euro area ( including Greece ) exports and imports .

With regard to the first period , the crisis in emerging markets and the ensuing general slowdown in world trade growth had a negative impact on volumes of euro area exports of goods and services .

China s exports to the Middle East are already more than twice those of the US.

Euro area exports also benefited from the recycling of oil export revenues by oil exporting countries ( see Box 8 ) .

Import growth also declined , however , and the contribution of net exports to real GDP growth remained both positive and significant in 2001 .

Supported by these positive developments , international financial markets recovered towards the end of 1998 . 18

In Malta , following a period of solid economic growth until 2000 , output growth slowed significantly , reflecting external weakness , increased competition in Malta 's export markets and restructuring operations in the manufacturing sector .

The growth of imports exceeded that of exports , leading to a further widening of the external deficit .

The latest indicators have confirmed the slowdown , which owes to the rise in commodity prices , the appreciation of the exchange rate and the slowdown in the global economy .

ECB Annual Report 2004 the global economic environment developments in the euro area .

Export and import price indices ( extra euro area ) ( m )

82 more than four fifths of the island's exports is agricultural produce.

However, in 2003, the figure dropped to 58.5 in Aliança and 33.3 in Fukuhaku.

The deceleration of euro area exports in the second half of the year seems to stem mostly from weaker exports to Asia and the new EU Member States , although exports to the United States also slowed substantially .

Nothing becomes more profitable than over invoicing imports and under invoicing exports.

The general easement of repressive policies became known later as the Khrushchev Thaw.

3 The growth of extra euro area exports would initially remain somewhat below that of the euro area 's export markets , partially as a result of the past appreciation of the euro .

exports ( f.o.b. )

A gradual recovery in exports is projected , supported by foreign demand growth , although price competitiveness is expected to weigh somewhat on exports .

Outside the EU, the United States accounted for 23.2 of exports and 14.1 of imports in 2010.

The oil sector now accounts for 50 of GDP and 80 of exports.

Such a breakdown suggests that , compared with 2002 average levels , the fall in the value of exports in the first three quarters of 2003 stemmed from a decrease in export prices .

At the same time , external demand was expected to continue to support euro area exports , provided that the global economy remained resilient , with the economic slowdown in the United States being partly offset by the sustained strength of emerging market economies .

Developments in euro area goods imports in 2009 lagged behind those observed for exports .

The petroleum sector accounts for roughly 92.5 of Saudi budget revenues, 90 of export earnings, and 55 of GDP.