Dutch exports growth up

The volume of exports of goods grew by 6 percent in October relative to twelve months previously. The growth figure for exports is higher than in the four preceding months. The volume of imports grew by more than 4 percent in October, which is a slightly higher growth rate than in the four preceding months. Volume figures are adjusted for the number of working days.

The value of exported goods totalled 38.8 billion euro, i.e. more than 14 percent up from twelve months previously. The value of imported goods rose by more than 13 percent to 34.7 billion euro, resulting in a trade surplus of 4.2 billion euro. This is 0.8 billion euro more than in October 2011. The value figures have not been adjusted for calendar effects. October 2012 had two working days more than October 2011.

The value of imports and exports of raw materials and mineral fuels increased substantially in October. Imports of chemical products grew substantially too. The value of exports to non-EU countries grew more rapidly than the value of exports to EU countries.

Export and import prices were respectively 2.2 and 2.9 percent higher than one year previously. As a result, terms of trade deteriorated compared to October 2011.

December’s Exports Radar shows a mixed picture. In the two preceding months, circumstances for Dutch exports had clearly deteriorated.

Exports of goods (volume adjusted for working days)