Statistics Netherlands announced today that the volume of exports of goods was 7.5 percent up in May 2015 from May 2014. The growth is more substantial than in the previous month. Exports of machinery and equipment, petroleum derivatives and chemical products were noticeably higher in May. Re-exports grew faster than exports of Dutch products. The volume of imports was 4.3 percent above the level of May 2014.
Higher exports machinery and equipment, petroleum derivatives and chemical products
Dutch manufacturers exported more machines and equipment in May 2015. Statistics Netherlands recently reported that Dutch companies manufactured more machines in May. Exports of petroleum derivatives and chemical products also grew considerably.
Circumstances for Dutch exports less favourable in July 2015
According to Statistics Netherlands’ Exports Radar, circumstances for Dutch exports declined marginally in June and July relative to May. The decline from June to July was due to the fact that the real effective exchange rates on an annual basis were less favourable than in the preceding month. German manufacturing industry, on the other hand, performed better. 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.