Exports up by 1 percent in July

As reported by Statistics Netherlands (CBS), the total volume of goods exports grew by 1.0 percent in July year-on-year. Growth was approximately the same as in the previous month. In July 2019, exports of chemical products, food products and machinery increased in particular. On the other hand, exports of electro-technical equipment were down again. The volume of imports was 3.3 percent higher than in July 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 September are slightly more favourable than in July.

Exports of goods (volume, adjusted for working days) (year-on-year %-change)
Year Month%-change
2015August6.6
September3.5
October5.6
November4.4
December4
2016January4.2
February3.5
March3.6
April5.4
May6.3
June2.3
July2.9
August3
September5.8
October3.3
November6.4
December5.3
2017January1.7
February6.7
March8.3
April0.7
May4.6
June10.8
July7
August7.2
September7.8
October6.9
November7
December6.1
2018January4.7
February4.6
March3.2
April6.8
May4.6
June0.3
July2.8
August2.7
September3.2
October3.2
November1
December0.5
2019January0.9
February1
March1.7
April0.8
May1.5
June1.1
July1

Conditions for exports in September slightly more favourable than in July

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 September are slightly more favourable than in July. This is mainly because the development of the real effective exchange rates improved on an annual basis.

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.

Related items