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Netherlands' goods exports dip in April 2023: CBS

15 Jun '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • Netherlands' goods exports decreased by 0.5 per cent YoY in April 2023, mainly in chemical products, while the country's imports increased by 5.5 per cent, as per CBS.
  • Unfavorable exchange rate development hints at challenging export conditions in June.
  • Opinions of Dutch and European manufacturers about their foreign orders also deteriorated.
Netherlands’ total volume of goods exports decreased by 0.5 per cent year-on-year (YoY) in April 2023, according to Statistics Netherlands (CBS). The decrease was mainly seen in exports of chemical products. The volume of goods imports was up by 5.5 per cent relative to April 2022.

The CBS Exports Radar indicated that circumstances for exports in June are more unfavourable than in April. This is mainly because the development of the real effective exchange rate was more unfavourable.

Opinions of Dutch and European manufacturers about their foreign orders deteriorated. Producer confidence in the Eurozone and Germany was also more negative, as per CBS.

ALCHEMPro News Desk (DP)
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