Exports from the Netherlands up by nearly 2 percent in MarchChristian Fernsby ▼ |
Europe Overall growth in both imports and exports is affected negatively
As reported by Statistics Netherlands (CBS), the total volume of goods exports grew by 1.6 percent in March year-on-year.
In March 2019, exports of petroleum products and machinery increased in particular.
On the other hand, exports of electro-technical equipment and transport equipment were down.
The volume of imports was 5.6 percent higher than in March 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 May are less favourable than in March.
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 May are less favourable than in March, mainly due to a decline in confidence levels among manufacturers in Germany and the eurozone.
On the other hand, the year-on-year development of the German manufacturing output was less negative. ■
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