Dutch Trade Surplus Widens On Plunging Imports in August

In August, Netherlands' trade surplus reached €3.39 billion, up from €1.63 billion in August of 2012. Dutch imports plunged 8.1 percent yoy and exports fell 2.7 percent. July's surplus was revised up to €3.95 billion.

Exported goods amounted to €33.4 billion, a 2.7 percent decrease from twelve months previously. The value of imported goods decreased by 8.1 percent to 30.0 billion euros, the most substantial decline in terms of percentage since November 2009. 

The value of sales of chemical products plummeted. The value of purchases of raw materials and mineral fuels was considerably lower than twelve months previously, in particular the value of imports from non-EU countries.

Just as in the preceding five months, import and export prices were below the level of one year previously. Import and export prices fell by 3.3 and 2.5 percent respectively. As a result, terms of trade improved relative to August 2012.

Dutch Trade Surplus Widens On Plunging Imports in August

CBS | Nuno Fontes | nuno@tradingeconomics.com
10/14/2013 9:39:36 AM