Netherlands: Exports accelerate in May
July 12, 2012
In May, exports expanded 7.4% over the same month last year, reaching EUR 36.9 billion, according to data released by the Central Bureau of Statistics (CBS). The reading was above the 5.3% expansion recorded in April. The main drivers behind the monthly increase were higher exports of mineral fuels as well as of machinery and transport equipment. In addition, shipments of manufactured goods rebounded over the same month last year. Imports rose 6.9% year-on-year in May, matching the increase recorded in April, and reached EUR 33.3 billion. Accordingly, the trade surplus reached EUR 3.6 billion in May, up from the EUR 3.2 billion surplus recorded in the same month last year.