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

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.

ALCHEMPro News Desk (DS)