Exports up by over 7 percent in October

As reported by Statistics Netherlands (CBS), the total volume of goods exports grew by 7.4 percent in October year-on-year. Growth was higher than in the previous months. In October 2019, exports of petroleum products, chemical products, machinery and appliances increased in particular. The volume of imports was 4.4 percent higher than in October 2018.

The CBS Exports Radar indicates that circumstances for exports in December are less favourable than in October.

Exports of goods (volume, adjusted for working days) (year-on-year %-change)
Year Month%-change
2015November4.4
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
April0.7
May0.6
June1.3
July0.2
August2.1
September1.8
October7.4

Conditions for exports in December less favourable than in October

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 exports in December are less favourable than in October. This is mainly because the year-on-year decline in the German manufacturing output was more substantial.

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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