Dutch export growth quickened markedly in January to the strongest level in one year, figures from the Central Bureau of Statistics showed Tuesday.

The volume of exports climbed 5.6 percent year-over-year in January, much faster than the 1.5 percent spike in December.

Exports have been rising since June 2014. The latest rate of increase was the fastest since January 2015, when exports had grown 6.1 percent.

In January, Dutch firms exported more transport products such as ships and cars. Shipments of petroleum and chemical products and electrical machines were also higher than a year earlier.

Similarly, annual growth in imports accelerated to 9.4 percent in January from 4.2 percent in the previous month.

The material has been provided by InstaForex Company – www.instaforex.com