Dutch exports to Greece decreasing rapidly

5th July 2011, Comments 0 comments

The value of Dutch exports to Greece dropped by five percent in the first four months of this year, while exports to other EU countries increased by 15 percent.

The Dutch statistics office CBS said on Tuesday: “This is a telling illustration of the singular position Greece occupies in the European Union.” In a marked contrast, Dutch imports from Greece increased by 20 percent in the first four months of 2011.

The strong reduction in exports to Greece is clearly linked to recent economic developments there. Greek demand for investment goods, such as machinery and transport material, have dropped sharply. “Cutting spending on investment goods is common practice in times of crisis."

Last year also saw a drop in the value of Dutch exports to Greece, while CBS reports that “The total value of Dutch exports grew by 20 percent”.

© Radio Netherlands Worldwide

© Radio Netherlands Worldwide

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