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NL exported less to Russia in March but imports doubled in value

Dutch exports to Ukraine and Russia fell sharply in March, following the Russian invasion, figures from national statistics agency CBS show. In March, exports to Ukraine fell by €97 million or 84% and to Russia by €453 million or 67%, the CBS said.

However, imports from Russia rose 115% in financial terms to €4.1 billion, largely because of soaring energy prices. Fuel accounted for €1.7 billion of the increase, while metals such as nickel, aluminium and copper, which have also gone up sharply in price, accounting for €400 million.

Imports into the Netherlands from Ukraine, including corn and sunflower oil, were down 10% in financial value but 31% in volume terms.

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