Export growth over 5 percent in October

14/12/2017 15:00
Statistics Netherlands (CBS) reports that the total volume of goods exports grew by 5.2 percent in October 2017 relative to October 2016. Growth was lower than in September, when exports were 7.3 percent up year-on-year. In October, exports of machinery, appliances and cars increased most notably. The volume of imports was 2.9 percent up on October last year. Import growth was also lower than in the preceding month.

The CBS Exports Radar indicates that circumstances for exports in December are less favourable than in October.

Circumstances for Dutch exports in December less favourable than in October

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 CBS Exports Radar, circumstances for Dutch exports in December are, on balance, less favourable than in October. This is due to weakening growth of German manufacturing output and a less favourable real effective exchange rate.

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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