Exports down by almost 1 percent in June

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Statistics Netherlands (CBS) reports that the total volume of goods exports fell by 0.7 percent in June relative to June 2017. Exports fell for the first time in over four years. This is partly due to the strong growth in June 2017, when exports reached a relatively high level. In June 2018, exports of petroleum, metal and chemical products decreased most notably. The volume of imports was 2.5 percent up on June 2017.

The CBS Exports Radar indicates that circumstances for exports in August are, on balance, the same as in June.

Circumstances for Dutch exports in August the same as in June

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 August are, on balance, the same as in June. In August, the development of the real effective exchange rate was more favourable than in June’s radar, but German and European producer confidence was less positive.

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.

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