Netherlands' Trade Surplus Widens in March


Netherlands' trade surplus rose to € 4.94B from € 4.29B a year earlier. The volume of exports of goods grew by 1.9 percent in March relative to twelve months previously. However, export growth was not this low since August 2012. The volume of imports increased by 0.5 percent in March, the lowest growth rate in over a year.

The value of exported goods totalled 37.6 billion euros, i.e. 1.6 percent down from twelve months previously. The value of imported goods decreased by 3.8 percent to 32.6 billion euros, resulting in a trade surplus of 4.9 billion euros, i.e. an increase by 0.7 billion euros relative to March 2012. These value figures have not been adjusted for the number of working days. March 2013 had one working day less than March 2012.
 
The value of exports of raw materials and mineral fuels improved relative to the same month one year previously. Imports of chemical products also grew. The value of exports to non-EU countries improved slightly, whereas the value of exports to EU countries declined.
 
For the first time since December 2009, import and export prices were down from one year previously. Export prices were 0.8 percent down, import prices 1.7 percent. As a result, terms of trade improved compared to March 2012.

CBS | Nuno Fontes | nuno@tradingeconomics.com
5/15/2013 2:10:34 PM