Dutch export is growing after a period of contraction

According to research by the Central Bureau of Statistics (CBS), Dutch companies exported more goods in recent months than in the same year before. This is an increase of 0.6% which is good news. Especially the export of devices and transport equipment increased. However, fewer food products were exported than a year earlier.

Rob Olbertz, operational director within DL, also sees this as a good first signal: “A well-known Dutch saying is ‘one swallow does not make a summer’. Although 0.6% growth is promising it is also a break in the trend after months of decline.”

However, the total imports of goods did fall 6.2% year-on-year in August, following a 2.2% increase in July. Furthermore, CBS notes that the conditions for exports in October were slightly less unfavorable than in August. This is mainly because the development of real exchange rates, or currency rates adjusted for the increase in the price level of export goods, was less unfavorable.

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