Marginal growth exports

31/07/2013 09:30

The volume of exports of goods was 0.8 percent up in May from May 2012. In April, exports were 1.9 percent down from one year previously. The volume of imports declined by 1.0 percent in May compared to twelve months previously. In April, imports were 0.3 percent down on April 2012. Volume figures are adjusted for the number of working days.

The value of exported goods totalled 36.8 billion euros, i.e. 1.0 percent down from twelve months previously. The value of imported goods decreased by 3.0 percent to 32.2 billion euros, resulting in a trade surplus of 4.6 billion euros, a decrease of 0.6 billion euros compared to May 2012.

The value of imports and exports of machinery and transport equipment and manufactured products fell considerably compared to May 2012. The trade value of imports and exports of food and drinks, on the other hand, was significantly higher.

Trade with non-EU countries fell substantially, whereas the value of trade with EU countries was only marginally below the level of one year previously.

For the third consecutive month, import and export prices were down from one year previously. The lower crude oil price plays an important part in this respect. Import and export prices fell by 2.0 and 1.7 percent respectively. As a result, terms of trade improved slightly relative to May 2012.

By means of six indicators, the Exports Radar shows whether circumstances for Dutch exports have improved or declined and which factors played a crucial part in these developments. Circumstances for Dutch exports were just about as unfavourable in July as they were in the preceding month.

The figures published in this update have been adjusted from those published on 15 July 2013. 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, see the Economic Monitor.