Exports growth at nearly 5 percent

The volume of exports of goods increased by nearly 5 percent in July from twelve months previously. The growth rate was the same as in May and June. The volume of imports was nearly 1 percent higher in July, substantially below the growth level in the preceding months. Volume figures have been adjusted for the number of working days.

September’s Exports Radar shows improvements and downturns. During the preceding three months, circumstances for Dutch exports had deteriorated. 

The value of exported goods totalled 33.0 billion euro, i.e. more than 7 percent up on one year previously. The value of imports grew by nearly 5 percent to 29.0 billion euro, resulting in a 4.0 billion euro trade surplus, which is 1.0 billion euro above the July 2010 level. Value figures have not been adjusted for the number of working days. July 2011 had one working day less than July 2010.

The value of imports of chemical products and machinery and transport equipment was down on July 2010.

Exports to EU countries increased more than exports to non-EU countries. Imports from EU countries grew sharply too, whereas imports from non-EU countries declined.

Export and import prices were respectively 5.5 and 6.7 percent up on twelve months previously. As a result, terms of trade deteriorated compared to July 2010.

Exports of goods (volume adjusted for working days)

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