Exports up by over 4 percent in November

15/01/2020 15:00

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As reported by Statistics Netherlands (CBS), the total volume of goods exports grew by 4.1 percent in November year-on-year. Growth was lower than in the previous month. In November 2019, exports of petroleum products and machinery increased in particular. The volume of imports was 6.3 percent higher than in November 2018.

The CBS Exports Radar indicates that circumstances for exports in January are more unfavourable than in November.

Exports of goods (volume, adjusted for working days)
Year	Month	%-change (year-on-year %-change)
	December	4
2016	January	4.2
2016	February	3.5
2016	March	3.6
2016	April	5.4
2016	May	6.3
2016	June	2.3
2016	July	2.9
2016	August	3
2016	September	5.8
2016	October	3.3
2016	November	6.4
2016	December	5.3
2017	January	1.7
2017	February	6.7
2017	March	8.3
2017	April	0.7
2017	May	4.6
2017	June	10.8
2017	July	7
2017	August	7.2
2017	September	7.8
2017	October	6.9
2017	November	7
2017	December	6.1
2018	January	4.7
2018	February	4.6
2018	March	3.2
2018	April	6.8
2018	May	4.6
2018	June	0.3
2018	July	2.8
2018	August	2.7
2018	September	3.2
2018	October	3.2
2018	November	1
2018	December	0.5
2019	January	0.9
2019	February	1
2019	March	1.7
2019	April	0.7
2019	May	0.6
2019	June	1.3
2019	July	0
2019	August	3.5
2019	September	1.5
2019	October	7.3
2019	November	4.1

Exports of goods (volume, adjusted for working days)
Year	Month	%-change (year-on-year %-change)
	December	4
2016	January	4.2
2016	February	3.5
2016	March	3.6
2016	April	5.4
2016	May	6.3
2016	June	2.3
2016	July	2.9
2016	August	3
2016	September	5.8
2016	October	3.3
2016	November	6.4
2016	December	5.3
2017	January	1.7
2017	February	6.7
2017	March	8.3
2017	April	0.7
2017	May	4.6
2017	June	10.8
2017	July	7
2017	August	7.2
2017	September	7.8
2017	October	6.9
2017	November	7
2017	December	6.1
2018	January	4.7
2018	February	4.6
2018	March	3.2
2018	April	6.8
2018	May	4.6
2018	June	0.3
2018	July	2.8
2018	August	2.7
2018	September	3.2
2018	October	3.2
2018	November	1
2018	December	0.5
2019	January	0.9
2019	February	1
2019	March	1.7
2019	April	0.7
2019	May	0.6
2019	June	1.3
2019	July	0
2019	August	3.5
2019	September	1.5
2019	October	7.3
2019	November	4.1

Conditions for exports in January more unfavourable 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 exports in January are slightly more unfavourable than in November. This is mainly because the opinions of manufacturers in the Netherlands and the eurozone about their foreign orders were more negative. However, the year-on-year decline in the German manufacturing output was less 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.

Sources

StatLine - Imports/exports; change of ownership

Conditions for exports in January more unfavourable than in November

Sources

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