Export Conditions
Conditions for exports less unfavourable
The climate for Dutch exports was less unfavourable in November 2025 as it had been the previous month. Since the publication of the previous Exports conditions, new data have become available for all indicators. Two indicators deteriorated, four improved. The climate for Dutch exports is largely determined by developments in the main market for Dutch exports, Germany and the eurozone, and changes in Dutch competitiveness. Although the indicators are strongly correlated with export activity, improved circumstances do not necessarily lead directly to export growth.
The contraction year on year of German manufacturing output was smaller. European manufacturers became less negative about their foreign orders. Producer confidence in the euro areas and Germany was also less unfavourable. However, the real effective exchange rate became more unfavourable and Dutch manufacturers were more negative regarding their foreign orders.
Related items
- PDF Explanatory notes: Exports indicator - PDF