Exports up

The volume of exports of goods was 1.9 percent higher in February 2014 than in February 2013. In January, the volume of exports fell marginally (0.4 percent). The volume of imports of goods grew by 1.3 percent in February, after a modest 0.3 percent growth in January. Volume figures have been adjusted for the number of working days.

The value of exported goods totalled 34.9 billion euros, i.e. 0.5 percent down from one year previously. The value of imported goods fell by 1.5 percent to 30.5 billion euros, resulting in a trade surplus of 4.5 billion euros, i.e. 0.3 billion euros up from February 2013.

The trade value of imports and exports of mineral fuels dropped significantly relative to twelve months previously, but the trade value of manufactured products was substantially higher. The value of trade with EU-countries remained stable compared to February 2013, but the value of trade with non-EU countries declined.

In February, import and export prices were below the level of one year previously. Export prices declined by 2.3 percent, import prices by 2.8 percent. As a result, terms of trade improved somewhat compared to February 2013.

By means of six indicators, the Exports Radar shows whether circumstances for Dutch exports have become more or less favourable. According to April’s Export Radar, circumstances for Dutch exports deteriorated marginally relative to the preceding month.

Exports of goods (volume adjusted for working days)