Exports down by almost 2 percent in December

14/02/2024 15:00

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In December 2023, the total volume of goods exports (adjusted for number of working days) was down by 1.6 percent year on year, as reported by Statistics Netherlands (CBS). Export volumes of petroleum products and food, beverages and tobacco in particular were lower. The volume of goods imports was down by 1.1 percent relative to December 2022.

The CBS Exports Radar indicates that conditions for exports in February are more unfavourable than they were in December.


Year	Month	%-change (year-on-year %-change)
2020	January	2.8
2020	February	0.5
2020	March	-5.6
2020	April	-13.3
2020	May	-12.2
2020	June	-3.4
2020	July	0
2020	August	-3.6
2020	September	0.5
2020	October	3.1
2020	November	1.7
2020	December	-0.2
2021	January	3.8
2021	February	3.9
2021	March	12.7
2021	April	25.8
2021	May	22.4
2021	June	14.5
2021	July	11
2021	August	10.1
2021	September	6.9
2021	October	1.5
2021	November	8.9
2021	December	8.6
2023	January	1.2
2023	February	1
2023	March	-0.1
2023	April	-0.3
2023	May	2.3
2023	June	5.2
2023	July	0.5
2023	August	-0.3
2023	September	3.3
2023	October	8.4
2023	November	4.4
2023	December	4.3
2023	January	2.3
2023	February	4
2023	March	3
2023	April	0.2
2023	May	0.4
2023	June	-0.6
2023	July	-3.7
2023	August	-1.6
2023	September	-4.5
2023	October	-7.7
2023	November	-5.4
2023	December	-1.6


Year	Month	%-change (year-on-year %-change)
2020	January	2.8
2020	February	0.5
2020	March	-5.6
2020	April	-13.3
2020	May	-12.2
2020	June	-3.4
2020	July	0
2020	August	-3.6
2020	September	0.5
2020	October	3.1
2020	November	1.7
2020	December	-0.2
2021	January	3.8
2021	February	3.9
2021	March	12.7
2021	April	25.8
2021	May	22.4
2021	June	14.5
2021	July	11
2021	August	10.1
2021	September	6.9
2021	October	1.5
2021	November	8.9
2021	December	8.6
2023	January	1.2
2023	February	1
2023	March	-0.1
2023	April	-0.3
2023	May	2.3
2023	June	5.2
2023	July	0.5
2023	August	-0.3
2023	September	3.3
2023	October	8.4
2023	November	4.4
2023	December	4.3
2023	January	2.3
2023	February	4
2023	March	3
2023	April	0.2
2023	May	0.4
2023	June	-0.6
2023	July	-3.7
2023	August	-1.6
2023	September	-4.5
2023	October	-7.7
2023	November	-5.4
2023	December	-1.6

Conditions for exports more unfavourable in February

Every month, CBS also publishes updates on the conditions for exports in the Exports Radar. These are largely determined by developments in the key sales markets for domestic exports and by the competitive position of the Netherlands. Although the Radar indicators show a strong correlation with export activity, improved conditions do not necessarily mean higher export growth.

According to the CBS Exports Radar, conditions for exports in February 2024 are more unfavourable than they were in December 2023. This is mainly due to the fact that Dutch manufacturers were more negative about their foreign orders.

Sources

StatLine - Imports/exports; change of ownership

Conditions for exports more unfavourable in February

Sources

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