The CBS Exports Radar indicates that circumstances for exports in April 2020 are less favourable than in February 2020.
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Conditions for exports in April less favourable than in February
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 exports in April are less favourable than in February. This is mainly because producer confidence in Germany and the eurozone was down. Furthermore, the development of the real effective exchange rate was less favourable on an annual basis.
Developments related to the coronavirus outbreak are still barely visible in February’s import and export figures.