Export growth over 7 percent in August

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Statistics Netherlands (CBS) reports that the total volume of goods exports grew by over 7 percent in August 2017 relative to August 2016. Growth was slightly higher than in July. In August, the export of cars, machinery, appliances and chemical products increased most notably. Both exports of goods produced in the Netherlands and re-exports were higher in volume than one year previously. The volume of imports was up by nearly 8 percent year-on-year.

The CBS Exports Radar indicates that circumstances for exports in October are more favourable than in August.

Circumstances for Dutch exports in October more favourable than in August

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 exports growth.

According to the CBS Exports Radar, circumstances for Dutch exports in October are, on balance, more favourable than in August. The development of the German manufacturing output improved considerably. The opinion of manufacturers in the eurozone about their foreign orders improved and producer confidence in the eurozone also rose.

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.