Netherlands: Trade surplus virtually unchanged
December 12, 2012
In October, exports expanded a robust 14.3% over the same month the previous year to USD 38.8 billion, according to data released by the Central Bureau of Statistics (CBS). The reading marked a strong improvement over the 0.1% increase recorded in September and came in amid higher prices for exports of raw materials and mineral fuels. In the 12 months up to October, exports expanded 5.9% over the same period the previous year (September: +5.0% year-on-year).
Meanwhile, imports expanded 15.1% in October, contrasting the 0.1% decrease recorded in September. As a result, imports expanded 6.9% in annual terms in the last 12 months (September: +6.0% yoy). The trade balance reached a USD 3.6 billion surplus in October, up from the EUR 3.4 billion surplus registered in the same month the previous year. As a result, the 12-month moving sum of the trade balance reached a USD 43.2 billion surplus in October, virtually unchanged from the USD 43.0 billion surplus observed in September.