modest growth Dutch exports
Statistics Netherlands (CBS) reports that the volume of exports of goods was 1.7 percent up in June 2015 from June 2014. The growth is less substantial than in the preceding months. Exports of transport equipment and petroleum derivatives were noticeably higher in June. The volume of imports was 3.7 percent above the level of June 2014. Imports of petroleum and natural gas increased significantly.
Higher exports transport equipment and petroleum derivatives
Dutch manufacturers exported more transport equipment in June 2015. Statistics Netherlands recently reported that Dutch companies manufactured more transport equipment in June. Exports of petroleum derivatives also grew considerably.
Circumstances for Dutch exports hardly changed in August relative to June 2015
According to Statistics Netherlands’ Exports Radar, circumstances for Dutch exports in August are almost the same as in June. In August, conditions are marginally better than in July. This is mainly due to the fact that the real effective exchange rates on an annual basis were more favourable than in the preceding month. German manufacturing industry, on the other hand, performed less well. 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.