Real exports fell, but real imports fell even more: the effect of net exports on real GDP growth was a positive contribution of one percentage point. (worthwhile.typepad.com)
If export prices grow faster than import prices, then the nominal trade balance can stay in surplus even if real imports rise while real exports remain constant. (worthwhile.typepad.com)
Indeed, with developed markets accounting for 60 % of emerging - market exports, as real import growth accelerates in the former, exports are on the rebound for the latter. (morganstanley.com)