Exports up by almost 2 percent in October

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© ANP / Peter Hilz
In October 2024, the total volume of goods exported (adjusted for the number of working days) was up by 1.7 percent year on year, as reported by Statistics Netherlands (CBS). Export volumes were higher for food, beverages and tobacco, chemical products, machinery and electronic products, in particular. The volume of goods imported was down by 2.4 percent relative to October 2023. This was mainly due to natural gas and petroleum.

The CBS Exports Radar for December indicates that conditions for exports have become more unfavourable than they were in October’s radar.

Conditions for exports more unfavourable in December

Every month, CBS also publishes an update on the conditions for exports in its Exports Radar. These are largely determined by developments in key sales markets for domestic exports and by the competitive position of the Netherlands. Although the Radar indicators are closely correlated with export activity, improved conditions do not necessarily mean higher export growth.

According to the CBS exports radar for December, conditions for exports are more unfavourable than they were in October. This is mainly due to the fact that the year-on-year contraction in German industrial production was larger. Also, opinions among Dutch and European manufacturers regarding foreign orders became more negative. 

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