Continuous growth of exports

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Statistics Netherlands (CBS) reports that the total volume of goods exports grew by nearly 7 percent in July 2017 relative to July 2016. This growth was less marked than in June, when the highest growth (+11 percent) in 6.5 years was achieved. In July, exports of (electrotechnical) machinery, appliances and cars increased most notably. Both exports of goods produced in the Netherlands and re-exports were higher in volume than one year previously. The volume of imports was 6 percent up from July last year.

The CBS Exports Radar indicates that circumstances for exports in September are less favourable than in July.

Circumstances for Dutch exports in September less favourable than in July

Every month, CBS also publishes updates on the circumstances for exports in the Exports Radar. Conditions are strongly affected by recent developments on the main export markets for Dutch products and by the competitive position of the Netherlands. Although the Radar indicators show a strong correlation with export activity, improved circumstances are not necessarily translated into increased exports growth.

According to the CBS Exports Radar, circumstances for Dutch exports in September are, on balance, less favourable than in July. Year-on-year changes in the real exchange rates were considerably less favourable than in July’s Radar. Opinions of Dutch and European manufacturers on their order positions have also deteriorated.

Goods exports account for approximately three-quarters of total exports. As for data on exports of services, these are not published monthly. Data on total exports are published quarterly and annually. The figures reported in this publication are provisional and may be adjusted.

Sources

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