Export growth 3 percent in March

© Hollandse Hoogte
Statistics Netherlands (CBS) reports that the total volume of goods exports grew by 3.0 percent in March relative to March 2017. Relative growth was lower than in the preceding months. In March 2018, exports of transport equipment, machinery and appliances increased most notably. The volume of imports was also 3.0 percent up on March 2017.

The CBS Exports Radar indicates that circumstances for exports in May are less favourable than in March.

Exports of goods (volume, adjusted for working days)
 % change
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 J3
2017 F6.4
2017 M8.1
2017 A2.9
2017 M3.1
2017 J10.7
2017 J7.5
2017 A6.9
2017 S7.5
2017 O4.8
2017 N9.1
2017 D6.1
2018 J4.5
2018 F4
2018 M3

Circumstances for Dutch exports in May less favourable than in March

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 May are less favourable than in March. The year-on-year growth of German manufacturing output was smaller in particular in May’s Exports Radar. On the other hand, the development of the real effective exchange rate was somewhat more favourable than in March.

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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