Dutch Export Growth Strongest Since October 2022

(RTTNews) - Exports in the Netherlands increased at the quickest pace in more than three years in December, according to figures published by the statistical office CBS on Wednesday.

Exports rose 7.1 percent year-on-year in December, faster than the 5.0 percent growth in November.

Further, this was the strongest growth since October 2022, when exports had risen 8.1 percent.

Companies primarily exported more machinery and petroleum products, the agency said.

Data showed that the volume of imports grew 5.8 percent in December compared to a year ago. The overall increase was driven by more inflows of minerals, electrical machinery, and food and luxury goods.

According to the CBS Export Radar of February, the conditions for exports were less unfavorable than in the radar of December, as Dutch and European businesses were less negative about foreign orders.