Terms of trade slightly deteriorated

12/08/2013 09:30

Compared with June 2012, Dutch terms of trade of imported and exported goods slightly deteriorated in June 2013. Prices of exported goods were the same as one year previously, whereas import prices were 0.2 percent higher. In the preceding months, terms of trade had improved.

The turn from improvement into deterioration was mainly caused by price developments of crude oil. In June, crude oil was more expensive than in June 2012. In the preceding months, oil prices were lower than one year previously. The Netherlands imports much more crude oil than it exports.

Terms of trade

Terms of trade

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

More information on terms of trade can be found in the article Changes in the terms of trade in goods

For more information on economic indicators, see the Economic Monitor.