Modest exports growth

The volume of goods exports was 2.2 percent lager in August 2013 than in August 2012. This increase is in the same order of magnitude as in the preceding two months. The volume of imports shrank by 2.2 percent in August, after a 0.4 percent decrease in July. The volume figures are adjusted for the number of working days.

The value of exported goods totalled 33.3 billion euros, i.e. a 3.0 percent decrease from twelve months previously. The value of imported goods decreased by 7.9 percent to 30.1 billion euros, the most substantial fall in terms of percentage since November 2009. The trade surplus amounted to 3.2 billion euros, an increase of 1.6 billion euros compared to August 2012. Value figures are not adjusted for calendar effects. August 2013 had one working day fewer than August 2012.

The value of exports of chemical products plummeted. The value of imports 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, 3.3 and 2.5 percent respectively. As a result, terms of trade improved compared to August 2012.

According to October’s Exports Radar, improvements outnumbered deteriorations. Circumstances for Dutch exports were considerably more favourable than in September.

Exports of goods (volume adjusted for working days)