Dutch exports continue to increase despite the weakening economy. According to Statistics Netherlands (CBS), merchandise exports again showed a sharp increase in February. On a year-on-year basis, exports even increased slightly more than the previous month.
In terms of the amount of goods, 5.8% more was exported than in February last year. In January, the increase was still 4.8 percent compared to a year earlier. February was the sixth consecutive month that exports recorded an increase. In particular, more petroleum products, machinery and equipment and means of transport were exported.
Statistics Netherlands also reports data on imports. It rose 3.7% in February. The statistics office also reviews the export conditions on a monthly basis. This analysis shows that since February the picture actually seems to have become more favorable for exporting companies. This is mainly due to the fact that the industry of the important trading partner Germany is now experiencing production growth again, where previously there was a reduction in production. Exchange rates also performed favorably.
Source: BNR
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