Netherlands report 4.1 percent export increase in October

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Exports of goods from the Netherlands increased by 4.1 percent in October compared to the same month a year earlier. The Central Statistical Office (CBS) of Netherlands states that in particular more chemical products, agricultural goods and machinery and equipment were exported.

Exports of goods account for about three quarters of total exports. The volume of imports in October was 0.3 percent less than a year ago.

According to the so-called export radar of the statistical office, export conditions in December are less unfavourable than in October. This is mainly due to the less strong shrinkage of German industry. The confidence of German and European industrial entrepreneurs also improved again.

The export radar looks, among other things, at developments in the main Dutch export markets and the development of Dutch competitiveness. According to the CBS, an improvement in conditions does not necessarily mean an increase in exports.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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