Export growth over 5 percent in October

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.

Exports of goods (volume, adjusted for working days)
 % change
2013 N1.8
2013 D0.2
2014 J0.9
2014 F3.7
2014 M2
2014 A3.9
2014 M-0.9
2014 J4.1
2014 J3.6
2014 A0.7
2014 S6.3
2014 O3.3
2014 N3
2014 D6
2015 J7.7
2015 F5.2
2015 M4
2015 A5.9
2015 M6.2
2015 J5.2
2015 J5.9
2015 A7.2
2015 S4
2015 O6.2
2015 N4.9
2015 D4.5
2016 J4.7
2016 F4
2016 M5.9
2016 A6
2016 M7.1
2016 J4.6
2016 J3.5
2016 A4.1
2016 S5.6
2016 O4.5
2016 N5.4
2016 D6.2
2017 J2.2
2017 F5.4
2017 M7.5
2017 A2.6
2017 M3.1
2017 J10.7
2017 J7.3
2017 A6.8
2017 S7.3
2017 O5.2

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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