The volume of goods imported was up by 4.2 per cent in August 2024. This was mainly because of imports of crude oil and natural gas, transport equipment and petroleum products, CBS said on its website.
The CBS Exports Radar for October indicates that conditions for exports were more unfavourable than they were in August’s radar. 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 October, conditions for exports were more unfavourable than they were in August. This was mainly because the year-on-year change in real exchange rates was more unfavourable. Furthermore, the European manufacturers became more negative about their foreign orders. German producer confidence was more negative and the contraction of the German manufacturing industry was larger.
ALCHEMPro News Desk (RR)
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