However, while exports rose, imports experienced a slight decline, with a 0.7 per cent drop in the volume of goods imported compared to July 2023.

Looking ahead, the CBS Exports Radar for September points to a more challenging outlook for exports. Conditions have worsened since July, primarily due to declining optimism among European manufacturers about foreign orders. In particular, confidence among German manufacturers has taken a downturn, contributing to the increasingly negative export environment, as per the CBS.

Fibre2Fashion News Desk (DP)