Diminishing export growth in June

The volume of the exports of goods grew 4 percent in June relative to twelve months previously. In May Dutch exports had increased by nearly 9 percent.The volume of imports grew nearly 3 percent in June, which is also less than in May when imports were up by 6 percent. Volume figures have been adjusted for the number of working days.

The value of exported goods totalled 35.9 billion euro, i.e. up nearly 8 percent from twelve months previously. The value of imports rose by nearly 6 percent to 32.1 billion euro, resulting in a trade surplus of 3.7 billion euro. This is 0.9 billion euro over the June 2011 level. The value figures have not been adjusted for calendar effects. June 2012 had one working day more than June 2011.

The value of exports of raw materials and mineral fuels grew substantially in June compared to twelve months previously. Imports of machinery and transport equipment also increased considerably.

Just as in the preceding months, the value of exports to non-EU countries grew much faster than the value of exports to the other EU countries.

Export and import prices were respectively 0.7 and 1.3 percent higher than in June 2011. As a result, terms of trade deteriorated relative to June 2011.

August’s Exports Radar mainly shows worsening situations. In the preceding months, circumstances for Dutch exports had also become less favourable.

Exports of goods (volume adjusted for working days)

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