In April, the volume of goods exports increased by 2.3 percent compared to April 2023, according to CBS. This marks the first growth in nearly a year. The export of chemical products, food and beverages, and machinery saw higher volumes than the previous year. On the other hand, the volume of goods imports decreased by 5.3 percent in April compared to April 2023.
The CBS Export Radar for June showed that export conditions were less unfavorable compared to April. These conditions are heavily influenced by developments in key export markets for the Netherlands and the country’s competitive position. While the indicators in the radar are closely linked to export performance, an improvement in conditions does not always guarantee higher export growth.
Approximately three-quarters of the total exports consist of the export of goods, with the CBS not reporting on the export of services on a monthly basis. Information on total exports is typically published by the CBS on a quarterly and annual basis. It’s important to note that the figures in this report are preliminary and subject to revision.
The improvement in export conditions in June can be attributed to a less unfavorable year-on-year development of real exchange rates and a smaller year-on-year decline in German industrial production.
Overall, the growth in export volumes in April is a positive sign for the Dutch economy, indicating potential recovery and resilience in the face of challenging global conditions. As the world continues to navigate uncertainties, monitoring export trends and conditions will be crucial for understanding the economic outlook and making informed decisions.
For more detailed information and visualizations regarding exports and economic indicators, you can refer to the CBS website and relevant resources. Stay informed about the latest updates on export trends and economic developments to gain insights into the broader economic landscape.