Despite the modest rise in exports, the pace of growth remained relatively restrained amid broader economic uncertainties across key European markets. Meanwhile, the volume of goods imported into the Netherlands increased at a faster pace, rising by 5 per cent YoY in January, CBS said in a press release.
The export conditions showed some improvement in March compared with January.
The agency’s Export Conditions indicator, which tracks factors influencing the Netherlands’ export climate, suggested that the environment for exporters had become less unfavourable.
The improvement was mainly linked to a slight recovery in producer confidence across the euro area and Germany, two key markets for Dutch exports. However, CBS noted that improved export conditions do not necessarily translate directly into stronger export growth, as several economic factors can influence trade activity.
Goods exports account for roughly three-quarters of the Netherlands’ total exports.
Fibre2Fashion News Desk (SG)