CBS also indicated that circumstances for Netherlands’ exports in December are less favourable than in October. This is mainly because the YoY change of the real effective exchange rate was more unfavourable.

In October 2022, Netherlands’ total volume of goods exports was up by 8.5 per cent year on year (YoY), according to the data by Statistics Netherlands (CBS). The country’s volume of goods imports was up by 7.4 per cent year on year in October. CBS also indicated that circumstances for Netherlands’ exports in December are less favourable than in October.

In addition, the year-on-year growth of German manufacturing output was lower and opinions of Dutch and European manufacturers about their foreign orders deteriorated, according to the CBS Exports Radar.

Fibre2Fashion News Desk (DP)