Dutch Trade Surplus Widens in May

In May, Netherlands' trade surplus was up to €4.57 billion from a revised €3.53 billion surplus in April and €3.97 billion in May of 2012. This increase is due to a steeper fall in imports, down 3.0 percent year-on-year, than in exports which were down 1.1 percent.

On a monthly basis, the value of exports was up to €36.80 billion from €34.67 billion while imports rose to €32.23 billion from €31.13 billion in April. Both purchases and sales of machinery and transport equipment were substantially lower than in a year earlier. In contrast, food and beverages trade was significantly higher.

In line with previous readings, trade with non-EU countries increased significantly, while the value of trade with EU countries continued to decrease on an annual basis.

In volume terms, exports increased 0.7 percent and imports were down 1.0 percent when compared to the same month a year earlier. Export prices were 1.7 percent lower, import prices decreased 2.0 percent. The terms of trade of the trade improved slightly compared to May 2012.

Dutch Trade Surplus Widens in May

CBS | Nuno Fontes | nuno@tradingeconomics.com
7/15/2013 9:37:04 AM