Dutch exports hit record high

Dutch exports hit record high

The volume of exports of goods increased by more than 5 percent in March relative to twelve months previously, Statistics Netherlands said. Dutch exports had grown by nearly 4 percent in February. The volume of imports grew by more than 4 percent in March. Volume figures have been adjusted for the number of working days.

May’s Exports Radar shows both improvements and deteriorations. In the last six months, circumstances for Dutch exports have hardly changed.

The value of exported goods totalled 39.0 billion euro. This is the highest exports value ever measured, i.e. nearly 6 percent up from one year previously. The value of imports grew by nearly 5 percent to 34.9 billion euro, also a record high value. The trade surplus amounted to 4.1 billion euro, which is 0.6 billion euro above the March 2011 level. Value figures have not been adjusted for the effects of the number of working days. March 2012 had one working day fewer than March 2011.

The value of imports and exports of raw materials and mineral fuels grew substantially in March compared to twelve months previously. Not only the petroleum price was higher, but the trade in mineral fuels also increased considerably.

The value of trade with non-EU countries grew faster than the value of trade with EU countries.

Export and import prices were 2.9 and 3.1 percent up respectively from twelve months previously. As a result, terms of trade deteriorated slightly relative to March 2011.

Pin It on Pinterest