Statistics Netherlands announced today that the volume of exports of goods was 4.8 percent up in November 2014 from November 2013. In the preceding month, the growth rate of exports was 5.1 percent. Exports of transport vehicles, agricultural products, metal and metal products, machinery and equipment grew most notably in November. Re-exports were again higher relative to one year previously, but exports of Dutch products remained more or less stable. The volume of imports was 7.9 percent up in November from twelve months previously. In October, imports had grown by 5.3 percent.
More transport vehicles, agricultural products, machinery and equipment exported
Re-exports, i.e. exports of previously imported products, were again higher in November than twelve months previously, but exports of Dutch products remained more or less stable.
Exports of transport vehicles (e.g. cars), agricultural products, metal and metal products, machinery and equipment grew considerably. Dutch manufacturers also exported more food products. Exports of petroleum derivatives, on the other hand, were again below the level of the same month one year previously.
Last Friday, Statistics Netherlands announced that manufacturing output was marginally higher in November 2014 than in November 2013. Output realised by the sector transport equipment, the food sector and the sector electrical equipment grew.
Circumstances for Dutch exports remain stable in January 2015
According to Statistics Netherlands’ Exports Radar, circumstances for Dutch exports did not change in January 2015 compared to December. Dutch manufacturers were far less pessimistic about their foreign orders than in December, but according to the latest figures, German manufacturing output declined substantially. By means of six indicators, the Exports Radar shows whether circumstances for Dutch exports have become more or less favourable.
For more information on economic indicators, see the Economic Monitor.