The perspectives of the exporting enterprises point to a nominal increase of 15.6% in exports of goods in 2022, corresponding to an upward revision of 9.1 percentage points (p.p.) in the 1st forecast made in November 2021. This revision results from the upward update of expectations for Intra-EU (+10.1 p.p., to 16.1%) and Extra-EU exports (+6.8 p.p., to 14.5%).
In terms of Broad Economic Categories (BEC), it is noteworthy the expected increase in exports of Industrial supplies not elsewhere specified (+17.4%, corresponding to the largest revision compared to the forecast made in November, +12.4 p.p.) and Capital goods (except transport equipment), and parts and accessories thereof (+16.4%).
The revision on the forecasts of exports in 2022 is consistent with data from the International Trade in Goods (for the first months of the year) which, in fact, points to an even sharper nominal change (+25.1%), due to an increase in quantity but also, to a large extent, from the strong price growth that will have intensified throughout 2021 and enlarged in the first months of 2022, but signal a less dynamic second part of the year.
These more conservative perspectives of enterprises regarding their exports of goods for the rest of the year 2022, may reflect a moderate attitude regarding the developments in the international environment that may determine, namely, a sudden contraction in demand.