Deteriorating terms of trade

Dutch terms of trade of imported and exported goods obviously slumped in October 2009. Prices of imported and exported goods were respectively 5.3 and 8.8 percent down on one year previously.

The decline in import prices in October was partly caused by a slump in prices of natural gas, petroleum derivatives and chemical products compared with one year previously. The drop in export prices was mainly the result of lower prices for petroleum derivatives, natural gas, chemical products and basic metal products.

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

Changes in terms of trade

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