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Netherlands' goods exports rise 4.8% YoY, imports jump 5.1% YoY

06 Apr '23
1 min read
Pic: Shutterstock/warodom changyencham
Pic: Shutterstock/warodom changyencham

Insights

  • The Netherlands' goods exports grew 4.8 per cent YoY in January 2023, led by petroleum products and machinery; imports rose by 5.1 per cent.
  • The CBS Exports Radar shows that March is more favourable due to improved producer confidence and foreign orders for European manufacturers.
  • Goods exports make up around 75 per cent of total exports.
In January 2023, the Netherlands’ total volume of goods exports was up by 4.8 per cent year-on- year (YoY), as per Statistics Netherlands (CBS). The increase over January was mainly seen in exports including that of petroleum products and machinery. The volume of goods imports was up by 5.1 per cent YoY.

The CBS Exports Radar indicated that circumstances for exports in March are more favourable than in January. This is mainly because producer confidence in the eurozone and opinions of European manufacturers about their foreign orders improved in March compared to January’s Radar, CBS said in a press release.

Goods exports account for approximately three quarters of total exports.

Fibre2Fashion News Desk (NB)

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