Exports up by almost 3 percent in September
The CBS Exports Radar indicates that circumstances for exports in November are less favourable than in September.
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Conditions for exports in November less favourable
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 November are less favourable than in September. This is mainly because the year-on-year change of the real effective exchange rate was more unfavourable. In addition, producer confidence in Germany and the euro area was lower. Opinions of Dutch and European manufacturers about their foreign orders also deteriorated. However, the year-on-year growth of German manufacturing output was higher than in the previous month.
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 has a greater uncertainty margin than is customary.