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Exports rise 6% in October

Wednesday 12 December 2012

Dutch export growth reached 6% in October, the highest level in the last five months, the national statistics office CBS said on Wednesday.

Imports were also up 6%, again the highest figure since June.

The rise takes the trade surplus to €36bn, up €200m on October 2011.

'It is a surprise but it is too early to say if this can drag the economy out of the crisis,' CBS statistician Peter Hein van Mulligen told the NRC, pointing to the deterioration in the German economy.

The increase in exports was driven by raw materials and fossil fuels as well as the import of chemicals, the CBS said.

Exports outside the EU, to the US, Russia and China in particular, grew more strongly than exports to European countries.

© DutchNews.nl



 

Readers' Comments

"raw materials and fossil fuels"

Did these items originate in the Netherlands? Or are they imports to be exported? In other words, they simply transit the country using our ports.

By bruce | 12 December 2012 3:04 PM

Nice! - now you can use the extra e-money to pay the EU, but keep up the good work with the austerity project! :P

By The visitor | 12 December 2012 4:51 PM

Good question Bruce. They most probably are goods that have been imported to be exported.

By Darren | 12 December 2012 5:01 PM

So exports=6%
Imports=6%
=No growth
Why the misleading headline of 6% exports and why not 0% in October? Conning the public? Dutch economy is dire because of the EuroZone.

By AndyT | 12 December 2012 9:44 PM

@AndyT: you obviously don't understand how international commerce works. Imports and exports are not related in a zero-sum game. Moreover, Netherlands has massive trade surpluses in relate to the size of its economy.

By A.L. | 13 December 2012 12:16 AM

@AndyT, a percentage isn't an absolute number. Your equation is only correct when import and export are exactly the same.

By pepe | 13 December 2012 12:52 AM

The Netherlands, to my knowledge, produces and exports its own fossil fuel that originates from the north sea. By-product from the oil refining industry can also be included in the exports

By Yann | 13 December 2012 9:22 AM

"The rise takes the trade surplus to €36bn, up €200m on October 2011."

Doesn't this mean there is growth?
How else did the surplus increase?
Even if we re-export, we still make money, hence growth. Its called a middle man.

The pessimism on this board....
Crikey chin up, make the most of it!

By Expatio | 13 December 2012 9:44 AM

@andyT: it is only conning if you find out. obviously public don't know and it is not considered conning, it will continue :)

By dork | 13 December 2012 9:49 AM

@Expatio: sometimes I share the same belief. The level of negativity on comments on this site is above the charts. It is almost depressing, it appears the Netherlands is the worst country in the World if you gauge the animosity, pessimism and conspiracy-adherence displayed on this site's comments :)

By A.L. | 13 December 2012 3:04 PM

@A.L You should see the comments on the rival English language daily news service - that is truly a troll's paradise!

By Darren | 14 December 2012 11:14 AM

 
 
 
 
 
 
 
 
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