Netherlands: Exports increase in February
April 13, 2012
In February, exports expanded a strong 11.3% over the same month last year to EUR 36.0 billion, according to data released by the Central Bureau of Statistics (CBS). The reading followed the 9.1% expansion recorded in January and marked, in fact, the highest rise since May 2011. The main drivers behind the monthly increase were higher exports of mineral fuels and chemical products. Meanwhile, machinery and transport equipment was the only subcategory to contract over the same month last year. Imports rose 16.2% year-on-year in February, which more than doubled the 6.7% increase recorded in January, and reached EUR 33.1 billion. Accordingly, the trade surplus narrowed from EUR 3.9 billion in January to EUR 2.9 billion in February.