Dutch exports grow 3% in Sept 2024; export conditions set to decline

Due to a decline in producer confidence in Germany and the euro area, export conditions are worse than they were in September. Also, opinions of European and Dutch manufacturers about their foreign orders were more unfavourable, according to the CBS exports radar for November.

In 2024, there was a negative trend in January and February, with declines of -5.9 per cent and -6.2 per cent YoY, respectively. March showed a slight recovery to -5 per cent YoY, and by April, the decline had almost stabilised at -0.1 per cent YoY. Although May saw another dip at -3.7 per cent YoY, June showed an improvement with a smaller decline of -0.4 per cent YoY. By July, export volumes returned to growth at 2.5 per cent YoY, indicating a potential recovery, though August dipped again slightly to -0.7 per cent YoY. September saw a stronger rebound with growth at 3 per cent year-on-year, suggesting a stabilization in export volumes as 2024 progressed.

Dutch exports grow 3% in Sept 2024; export conditions set to decline