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Dutch Exports Barely Grow
The volume of the exports of goods grew by nearly 1 percent in July relative to twelve months previously according to Statistics Netherlands. In May and June, Dutch exports had grown by nearly 9 and nearly 5 percent respectively. The volume of imports grew by nearly 4 percent in July, which is slightly higher than in June. Volume figures have been adjusted for the number of working days.
The value of exported goods totalled 34.7 billion euro, i.e. 5 percent up from twelve months previously. The value of imports rose by nearly 9 percent to 32.0 billion euro, resulting in a trade surplus of 2.8 billion euro. This is 0.9 billion euro below the July 2011 level. The value figures have not been adjusted for calendar effects. July 2012 had one working day more than July 2011.
The value of imports and exports of raw materials and mineral fuels increased substantially in July compared to twelve months previously. The value of imported chemical products was also significantly higher than in July 2011.
Export and import prices were respectively 1.4 and 2.1 percent higher than one year previously. As a result, terms of trade deteriorated relative to July 2011.