Export growth 5 percent in May

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Statistics Netherlands (CBS) reports that the total volume of goods exports grew by 5 percent in May relative to May 2017. Relative growth was lower than in April. In May 2018, exports of chemical products and transport equipment increased most notably. The volume of imports was 1.8 percent up on May 2017.

The CBS Exports Radar indicates that circumstances for exports in July are more favourable than in May.

Circumstances for Dutch exports in July more favourable than in May

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 export growth.

According to The CBS Exports Radar, circumstances for Dutch exports in July are more favourable than in May. The development of the real effective exchange rate was more favourable than in May’s radar.

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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