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Netherlands sees decline in goods exports & imports in September 2023

Despite this downturn, the CBS Exports Radar, a tool used to gauge export conditions, suggests an improvement looking ahead. The radar indicates that the conditions for exports in November are less unfavourable than they were in September. This optimistic outlook is primarily attributed to less unfavourable developments in the effective exchange rate on a year-on-year basis.

Further contributing to this positive shift in export conditions is the improved producer confidence within the euro area and specifically in Germany, one of the Netherlands&#**; key trading partners. Despite this, it&#**;s important to note that German manufacturing output has experienced a larger year-on-year contraction, as per CBS.