Dutch terms of trade of imported and exported goods marginally improved in June 2010 relative to June 2009. Prices of imported goods were 7.6 percent higher, prices of exported goods rose by 8.1 percent. In the ten preceding months, the terms of trade deteriorated continually relative to one year previously.
The development of the terms of trade is heavily influenced by the development of petroleum and natural gas prices. The Netherlands imports considerably more petroleum than it exports and exports much more natural gas than it imports. In the preceding months, petroleum prices were up much more on one year previously than natural gas prices. In June, this difference was not as substantial.
Besides higher prices for natural gas, higher prices for petroleum derivatives, basic metals and chemical products also contributed to the increase in export prices in June. Import prices of these products were also much higher than one year previously.
Terms of trade
More figures can be found on the theme page International trade.