Dutch Trade Surplus Edges Up in July

In July, Netherlands' trade surplus reached €3.39 billion, up from €3.14 billion in June and €2.79 billion in July of 2012. Dutch imports were broadly unchanged while exports, particularly to countries outside the Euro Area, increased further.

Exported goods reached €35.5 billion, a 2.6 percent increase from twelve months previously. The value of imported goods decreased 0.3 percent to €32.1 billion. The value of imports and exports of food and beverages was considerably higher than twelve months previously, but the trade value of chemical products was lower.

The volume of exports of goods was 1.1 percent up from July 2012. The growth is in the same order of magnitude as in May and June. The volume of imports decreased 1.4 percent in July, up from 1.2 percent in June. Volume figures have been adjusted for the number of working days.

The value of imports from non-EU countries fell substantially, but the value of exports to non-EU countries grew. Import and export prices were down from one year previously; they fell by 1.6 and 1.2 percent respectively. As a result, terms of trade improved somewhat to July 2012.

Dutch Trade Surplus Edges Up in July

CBS | Nuno Fontes | nuno@tradingeconomics.com
9/11/2013 8:59:57 AM