Exports up by almost 3 percent in January

As reported by Statistics Netherlands (CBS), the total volume of goods exports grew by 2.7 percent in January year-on-year, while it contracted in the previous month. Exports of petroleum products and machinery increased in particular. On the other hand, exports of electro-technical equipment were down. The volume of imports was 3.8 percent higher than in January 2018.

Overall growth in both imports and exports is affected negatively by a large company which relocated part of its business activities to another country as of October 2018.

The CBS Exports Radar indicates that circumstances for exports in March are somewhat more favourable than in January.

Exports of goods (volume, adjusted for working days) (year-on-year %-change)
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 October1.4
2018 November-0.8
2018 December-1.3
2019 January2.7

Conditions for exports in March slightly more favourable than in January

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 March are somewhat more favourable than in January. This is mainly due to improved development of the real effective exchange rates on an annual basis. In addition, the year-on-year development of the German manufacturing output was less negative. 

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. Figures published in this news release are provisional and subject to revision.

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