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Dutch exports up almost 4 percent in January

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Christian Fernsby ▼ | March 17, 2020
As reported Statistics Netherlands (CBS), the total volume of goods exports grew 3.7 percent in January year on year.
Netherlands port
The Netherlands   Netherlands port
Growth was slightly lower than in the previous month.

Topics: Dutch export

In January 2020, exports of electrotechnical products and machinery and petroleum products increased in particular.

The volume of imports was 1.2 percent higher than in January 2019.

The CBS Exports Radar indicates that circumstances for exports in March 2020 are more favourable than in Janaury 2020.

Every month, CBS also publishes updates on the circumstances for exports in the Exports Radar.

Conditions are strongly affected recent developments on the main export markets for Dutch products and 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 more favourable than in January.

This is because producer confidence in Germany and the eurozone was less negative.

Furthermore, the development of the real effective exchange rate improved on an annual basis and the year on year decline in the German manufacturing output was less substantial.