The CBS Exports Radar indicates that circumstances for exports in March are virtually the same as in January.
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Conditions for exports in March virtually the same as in January
Every month, CBS also publishes updates on the circumstances for exports in the Exports Radar. Conditions are largely determined by developments on the main export markets for Dutch domestic products and in 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 March are virtually the same as in January. The year-on-year contraction in German manufacturing output turned into growth, but the development of the real effective exchange rate was less favourable.
From January 2022 onwards, CBS applies new methodology in the monitoring and processing of data for the International trade statistic. As a result, the year-on-year development of imports and exports is surrounded by greater uncertainty than is customary.