Sustained exports growth

The volume of exports of goods increased by nearly 2 percent in January relative to twelve months previously. In December, Dutch exports had grown by 5 percent. The volume of imports grew marginally in January. Volume figures have been adjusted for the number of working days.

According to March’s Exports Radar, conditions for Dutch exports have picked up. It is the first time in one year that the situation for Dutch exports has obviously improved.

The value of exported goods totalled 34.9 billion euro, i.e. 9 percent up from one year previously. The value of imports grew by nearly 7 percent to 31.0 billion euro, resulting in a 3.9 billion euro trade surplus, which is 1.0 billion euro above the January 2011 level. Value figures have not been adjusted for the effects of the number of working days. January 2012 had one working day more than January 2011.

The value of imports and exports of raw materials and mineral fuels grew substantially in January compared to twelve months previously. Higher oil prices played an important part in this respect.

Exports to non-EU countries grew much faster than exports to EU countries. Imports from EU countries grew faster than imports from non-EU countries.

Export and import prices were 4.4 and 3.7 percent up respectively from twelve months previously. As a result, terms of trade improved relative to January 2011.

The figures published in this update have been adjusted from those published on 13 March 2012. The revision is based on more recent and detailed information.

Exports of goods (volume adjusted for working days)

Exports of goods (volume adjusted for working days)

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