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.
The CBS Exports Radar indicates that circumstances for exports in July are less favourable than in May.
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Conditions for exports in July less favourable than in May
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 July are less favourable than in May. This is mainly due to the fact that the development of the real effective exchange rates deteriorated. In addition, opinions of manufacturers in the eurozone about their foreign orders were more negative. The development of the German manufacturing output also deteriorated and producer confidence in Germany was more negative.