Weak export growth in November

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

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.

Sources

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