Drop in prices of goods imports, exports in Netherlands slows in 2024

05 Nov '24

1 min read

Drop in prices of goods imports, exports in Netherlands slows in 2024

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Prices of exported goods were 3.8 per cent lower YoY and those of imported goods were 5.5 per cent lower YoY in H1 2024, according to preliminary figures by Statistics Netherlands.
Import and export prices continued to drop in H1 2024, but the rate was less rapid in Q2 than in Q1.
The drop in the volume of exports over H1 2024 was 0.3 per cent; for imports, it was 2.5 per cent.

Prices of exported goods were 3.8 per cent lower year on year (YoY) and those of imported goods were 5.5 per cent lower YoY in the first half (H1) this year, according to preliminary figures by Statistics Netherlands (CBS).

Following a period of sharply rising prices that began in mid-2021, prices have been falling again since the second quarter (Q2) last year.

Prices of imported and exported goods continued to drop in H1 2024, but the rate of decrease was less rapid in Q2 than in Q1.

The drop in the volume of trade, i.e., the amount of goods imported and exported, which began in Q2 2023, also persisted in Q1 2024.

The volume of goods exported increased slightly YoY in Q2 2023, while the volume of goods imported decreased slightly YoY, a CBS release said.

The drop in the volume of exports over H1 2024 was 0.3 per cent; for imports, the drop was 2.5 per cent.

Fibre2Fashion News Desk (DS)

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