Categories: Economy

Dutch Exporters Expect “Low” 3% Turnover Increase Related Articles

Dutch exporters expect to have to settle for a meager 3% increase in turnover in 2023. Expectations are this low for the first time in ten years and goes hand in hand with low confidence in the current economic climate . This is demonstrated by the 25th edition of Trends in Export, the annual survey by Atradius and Evofenedex.

Confidence is under pressure from factors such as inflation, rising costs, the energy crisis and the war in Ukraine, the study shows. At the same time, nearly half of exporters expect the EU’s role as a trading bloc on the world stage to weaken. However, the vast majority still see the European Union as the most important sales market. According to Tom Kaars Sijpesteijn, managing director of credit insurer Atradius, the picture is negative. “The last time the revenue expectation was three percent was in 2012, right after the financial crisis.”

Dutch exporters expect to have to do this with a measly three percent turnover in 2023, instead of six percent last year. Flowers are one of the most important Dutch exports. (ANP/Hollandse Hoogte/Jean-Pierre Jans)

Dutch exporters saw their turnover increase by 6% in 2022. It was still two percent lower than expected a year earlier.

Looking beyond Europe

While Europe is still the most important sales market, they are increasingly looking towards other locations. “The US tops the list where exporters now expect the biggest sales growth.”

The Netherlands are good at finding new markets. “It’s very interesting to see,” says Kaars Sijpesteijn. The report then identifies some ‘surprising’ countries that are becoming increasingly attractive as sales markets, such as Finland and Denmark. ‘Companies don’t want to become too dependent, so they are looking for different markets and more certainties. We have to make sure we remain a strong market.’

Author: Rosanne Peters
Source: BNR

Share
Published by
Andrew

Recent Posts

Miss Switzerland candidate accuses Trump of sexual assault

A former Miss Switzerland candidate is accusing Donald Trump of “bumping” her at a meeting…

6 months ago

10 fun facts about Italian classics – or did they come from China?

Friday is pasta day—at least today. Because October 17th is World Pasta Day. It was…

6 months ago

Lonely Planet recommends Valais for travelers

The Lonely Planet guide recommends Valais as a tourist destination next year. The mountain canton…

6 months ago

Lonely Planet recommends Valais for travelers

The Lonely Planet guide recommends Valais as a tourist destination next year. The mountain canton…

6 months ago

Kamala Harris enters media ‘enemy territory’ – that’s what she did at Fox

Kamala Harris gave an interview to the American television channel Fox News, which was not…

6 months ago

One Direction singer Liam Payne (31) died in Buenos Aires

The British musician attended the concert of his former bandmate in Buenos Aires. The trip…

6 months ago