Growth rate exports slowing down

12/11/2010 15:00

In September 2010, the volume of goods exports was up by nearly 10 percent on September 2009, as against nearly 12 percent in August compared to August 2009. The volume of exported goods in September still remained slightly above the 2008 level.

The volume of goods imports grew by more than 11 percent in September. After June 2010 exports diminished. In September, the volume of imports was again below the 2008 level. Volume figures have been corrected for the number of working days.

According to the Exports Radar for November 2010, conditions for Dutch exports are no longer improving.

The value of exported goods totalled 32.6 billion euro, more than 18 percent up on one year previously. The value of imports grew by more than 19 percent to 28.0 billion euro. The trade surplus amounted 4.6 billion euro, the highest value since November 2007. In September 2009 the trade surplus amounted 4.0 billion euro.

The value of imports and exports of raw materials and mineral fuels was distinctly higher than one year previously. The trade value of chemical products showed a remarkably low growth.

Imports from non-EU countries grew much faster than imports from EU countries. The same pattern emerges for exports.

Export prices were 7.9 percent higher than twelve months previously. Import prices were 7.2 percent higher. As a result, terms of trade were slightly up on September 2009.

Goods exports (volume adjusted for working days)

Goods exports (volume adjusted for working days)

More figures can be found on the theme page International trade.