Exports radar | CBS | Statistics Netherlands (CBS)

Exports Radar: circumstances more unfavourable

Circumstances for Dutch exports in March 2024 were more unfavourable than in the previous month. Since the publication of the previous Exports Radar, new data have become available for five indicators. Five indicators deteriorated. Circumstances relevant to Dutch exports are largely determined by developments in the main market for Dutch exports – Germany and the eurozone – and developments in Dutch competitiveness. Although the Radar indicators show a strong correlation with export activity, improved circumstances are not necessarily translated into increased export growth.

Opinions of Dutch manufacturers about their foreign orders were more unfavourable. The year-on-year contraction of German manufacturing output was larger. Producer confidence in Germany and in the Euro area deteriorated. Opinions of European manufacturers about their foreign orders were also more negative. There was no new information about the real effective exchange rate.