Exports up by 3 percent in September

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© Hollandse Hoogte
In September 2024, the total volume of goods exported (adjusted for the number of working days) was up by 3.0 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. The volume of goods imported was up by 5.9 percent relative to September 2023.

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

Year Month%-change (year-on-year %-change)
2020October3.2
2020November1.6
2020December-0.3
2021January2.6
2021February2.5
2021March11
2021April23.8
2021May20.5
2021June12.9
2021July9.2
2021August8.2
2021September5.2
2021October0
2021November7.1
2021December6.9
2022January-0.5
2022February-0.7
2022March-1.9
2022April-0.7
2022May1.7
2022June4.7
2022July0
2022August-1
2022September2.7
2022October8.6
2022November4.6
2022December4.5
2023January4.7
2023February4.5
2023March4.6
2023April0.9
2023May0.3
2023June-0.5
2023July-3.2
2023August-1
2023September-3.9
2023October-6.4
2023November-5.7
2023December-1.6
2024January-5.9
2024February-6.2
2024March-5
2024April-0.1
2024May-3.7
2024June-0.4
2024July2.5
2024August-0.7
2024September3

Conditions for exports more unfavourable in November

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 November, conditions for exports are more unfavourable than they were in September. This is mainly due to the fact that producer confidence in the euro area and Germany deteriorated. Also, opinions of European and Dutch manufacturers about their foreign orders were more unfavourable.

Sources

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