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. Furthermore, both 24 and 31 December fell on a Monday in 2018. In accordance with European regulations, the results have not been adjusted for these optional bridging days.
The CBS Exports Radar indicates that circumstances for exports in February are less favourable than in December.
Conditions for exports in February less favourable than in December
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 February are less favourable than in December. This is mainly due to a deterioration in the year-on-year development of manufacturing output in Germany. In addition, producer confidence in Germany and in the eurozone as a whole was less positive.