Dutch exports grow slightly

The volume of the exports of goods grew by more than 1 percent in July relative to twelve months previously. In May and June, Dutch exports had increased by 9 percent and 5 percent respectively.The volume of imports grew by more than 3 percent in July, which almost equals the growth rate in June. Volume figures have been adjusted for the number of working days.

The value of exported goods totalled 34.9 billion euro, i.e. up more than 5 percent from twelve months previously. The value of imports rose by more than 8 percent to 31.9 billion euro, resulting in a trade surplus of 3.0 billion euro. This is 0.7 billion euro below the July 2011 level. The value figures have not been adjusted for calendar effects. July 2012 had one working day more than July 2011.

The value of both imports and exports of raw materials and mineral fuels grew substantially in July compared to twelve months previously. The value of imports of chemical products was also much higher than in July 2011.

Export and import prices were respectively 1.4 and 2.1 percent higher than one year previously. As a result, terms of trade deteriorated relative to July 2011.

In September’s Exports Radar, ups and downs balance each other out. In the preceding five months, circumstances for Dutch exports had become less favourable.

The figures published in this update have been adjusted from those published on 11 September 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.

For more information on economic indicators, the reader is referred to the Economic Monitor.