Export growth 4.2 percent in February

13/04/2018 15:00
Statistics Netherlands (CBS) reports that the total volume of goods exports grew by 4.2 percent in February relative to February 2017. Relative growth was slightly higher than in the preceding month. In February 2018, exports of machinery, appliances and cars increased again most notably. The volume of imports was 6.2 percent up on February 2017. Import growth was slightly smaller than in the preceding month.

The CBS Exports Radar indicates that circumstances for exports in April are less favourable than in February.

Circumstances for Dutch exports in April less favourable than in February

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 the CBS Exports Radar, circumstances for Dutch exports in April are less favourable than in February. The year-on-year growth of German manufacturing output was smaller in particular. In addition, German and European producer confidence deteriorated as well as the mood among Dutch and European manufacturers about foreign orders.

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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