Exports growth 6.2 percent in May

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Statistics Netherlands (CBS) reports that the total volume of goods exports grew by 6.2 percent in May 2016 compared to May 2015. Growth was about the same as in April. Exports of transport vehicles again rose noticeably. The total volume of imports in May was 5.6 percent up from May last year.

The CBS Exports Radar indicates that circumstances for export are somewhat more favourable in June and July than in May.

More transport vehicles exported

In May 2016, Dutch manufacturers exported more transport vehicles, like cars and trucks. They also exported more chemical, metal, rubber and plastic products and machinery.

Exports of Dutch products and re-exports (exports of previously imported goods) increased relative to twelve months ago.

Circumstances for Dutch exports somewhat more favourable

According to the CBS Exports Radar, circumstances for Dutch exports are more favourable in July than in May. Conditions are largely determined by recent developments on the markets most important for Dutch exports and by the current competitive position of the Netherlands. In June’s Export Radar, exchange rate developments were less unfavourable than in May’s Radar, but manufacturers in the Netherlands were more negative about their foreign order books.

Goods exports account for approximately three-quarters of total exports. CBS does not publish monthly data on exports of services. Data on total exports are published on a quarterly and annual basis. The data in this publication are provisional and can be subject to adjustments.

Sources

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