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