Exports up by over 2 percent in July

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In July 2024, the total volume of goods exported (adjusted for the number of working days) was up by 2.2 percent year on year, as reported by Statistics Netherlands (CBS). Export volumes were higher for food, beverages and tobacco, chemical products, electronic products and electrical equipment, in particular. Meanwhile, the volume of goods imported was down by 0.7 percent relative to July 2023.

The CBS Exports Radar for September indicates that conditions for exports have become more unfavourable than they were July.

Conditions for exports more unfavourable in September

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

According to the CBS exports radar for September, conditions for exports are more unfavourable than they were in July. This is mainly due to the fact that opinions among European manufacturers regarding foreign orders and confidence among German manufacturers became more negative.

Sources

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