Companies expect to increase exports of goods by 15.6% this year compared to 2021, according to a survey released this Friday by the INE, which revises the first forecast made last November by 9.1 percentage points.
According to the results of the Goods Export Outlook Survey (IPEB) carried out by the National Institute of Statistics (INE), “this review results from the update of the expectations for exports within the European Union (+10.1 percentage points, to 16.1%) and outside the EU (+6.8 percentage points, to 14.5%).
By Large Economic Categories (CGCE), we highlight the expected increases in exports of industrial supplies not specified in another category (+17.4%, corresponding to the largest revision compared to the forecast made in November, +12.4 percentage points) and machinery, other capital goods (except transport material) and their accessories (+16.4%).
According to the statistical institute, this revision of the forecasts for the evolution of exports in 2022 “coincides with the information on international trade in goods (for the first months of the year), which, in fact, points to an even more pronounced trend nominal variation (+25.1%), resulting from an increase in quantity but also, to a large extent, from the strong growth in prices that will have intensified throughout 2021 and expanded in the first months of 2022, but that they signal a less dynamic second part of the year.”
“These more conservative perspectives of companies regarding their exports of goods for the rest of 2022 may reflect a cautious attitude regarding the evolution of the international environment that may determine, in particular, a sudden contraction in demand,” he explains.
In the survey, the results of which the INE made public this Friday, companies were asked to update the expected evolution of exports of goods in 2022 indicated in November 2021.
Source: Observadora
