Exports hardly up

In October 2008, the volume of goods exports was more than 1 percent up on twelve months previously. This is the same increase as in September, but considerably lower than the average volume growth in the first nine months of the year. The volume of goods imports increased by 6 percent, which is slightly higher than the average volume growth in the first nine months of this year.

The value of exports was 32.9 billion euro, i.e. 4 percent up on October last year. The value of imports grew by 7 percent to 29.5 billion euro. This resulted in a trade surplus of 3.4 billion euro,  0.6 billion euro down on October 2007.

Import and export values of mineral fuels were substantially higher than twelve months previously. In addition,  Dutch companies imported more raw materials in October. The export of raw materials, machines and transport equipment on the other hand decreased. The value of exports to countries outside the EU was slightly lower than one year previously.

Falling oil prices have slowed down price rises for imports and exports in recent months. Before that price rises were increasing. In October import prices were up by 1 percent and export prices were up by 3 percent compared with the year before. Indeed, the terms of trade improved considerably compared with October last year.

The figures on October 2008 published in this update have been adjusted from those published on 16 December. The revision is based on new and more detailed information.

Goods exports (volume)

Goods exports (volume)

More figures can be found on the themepage International trade.