Weak export growth in November

As reported by Statistics Netherlands (CBS), the total volume of goods exports grew by 0.6 percent in November 2018 relative to one year previously. Year-on-year growth was smaller than in October. The most notable increases in November 2018 were seen in the export of machinery and petroleum products. The volume of imports was 1.5 percent lower than in November 2017.

Overall growth in both imports and exports is affected negatively by a large company relocating part of its business activities to another country.

The CBS Exports Radar indicates that circumstances for exports in January are less favourable than in November.

Exports of goods (volume, adjusted for working days) (year-on-year % change)
 Mutation
December5.9
2015 January7
2015 February4.6
2015 March3.5
2015 April5.5
2015 May5.8
2015 June4.9
2015 July5.3
2015 August6.6
2015 September3.5
2015 October5.6
2015 November4.4
2015 December4
2016 January4.3
2016 February3.5
2016 March3.7
2016 April5.5
2016 May6.4
2016 June2.4
2016 July2.9
2016 August3
2016 September5.8
2016 October3.2
2016 November6.2
2016 December5.1
2017 January1.2
2017 February6.3
2017 March7.9
2017 April0.6
2017 May4.6
2017 June10.6
2017 July7.1
2017 August7.2
2017 September7.8
2017 October7.1
2017 November7
2017 December6.1
2018 January5.1
2018 February3
2018 March2.4
2018 April6.7
2018 May4.5
2018 June-0.4
2018 July2.4
2018 August2.6
2018 September2
2018 October3.7
2018 November0.6

Circumstances for Dutch exports in January less favourable than in November

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 January are less favourable than in November. This is mainly due to a deterioration in the opinions of manufacturers around the eurozone about their foreign orders and in the year-on-year development of manufacturing output in Germany.

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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