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Netherlands Top 10 Exports

Tuesday, August 14, 2018

A small but mighty player in international trade, Netherlands shipped US$652.2 billion worth of goods around the globe in 2017. That dollar amount reflects a 14.2% increase since 2013 and a 46.6% uptick from 2016 to 2017 for the powerful European Union member.
Based on estimates from the Central Intelligence Agency’s World Factbook, Netherlands’ exported goods plus services represent 85.3% of total Dutch economic output or Gross Domestic Product. Please note that the overall value of exported goods and services includes a sizable share of re-exports. The analysis below focuses on exported products only.

From a continental perspective, about three-quarters (75.7%) of Dutch exports by value were delivered to other European countries while 10.7% were sold to Asian importers. The Netherlands shipped another 4.5% to North American customers, 2.2% worth going to Africa plus 1.3% to Latin America (excluding Mexico) and the Caribbean.

Given the Dutch population of 17.1 million people, Netherlands’ total $652.2 billion in 2017 exports translates to roughly $38,200 for every resident in that country.

The unemployment rate for the Netherlands was 4.1% as of February 2018 down from 5.3% one year earlier, according to Trading Economics.

The following export product groups represent the highest dollar value in Dutch global shipments during 2017. Also shown is the percentage share each export category represents in terms of overall exports from the Netherlands.

  1. Machinery including computers: US$93.5 billion (14.3% of total exports)
  2. Electrical machinery, equipment: $87.4 billion (13.4%)
  3. Mineral fuels including oil: $80.3 billion (12.3%)
  4. Pharmaceuticals: $33.5 billion (5.1%)
  5. Optical, technical, medical apparatus: $30.1 billion (4.6%)
  6. Vehicles: $27.3 billion (4.2%)
  7. Plastics, plastic articles: $25.4 billion (3.9%)
  8. Organic chemicals: $21.4 billion (3.3%)
  9. Iron, steel: $14.8 billion (2.3%)
  10. Live trees, plants, cut flowers: $10.3 billion (1.6%)

Note that the results listed above are at the categorized two-digit Harmonized Tariff System (HTS) code level.

Netherlands top 10 exports accounted for almost two-thirds (65%) of the overall value of its global shipments.

Pharmaceuticals represent the fastest-growing among the top 10 export categories, up 101.2% from 2016 to 2017. In second place for improving export sales was electrical machinery and equipment, which appreciated by 97.5%. Dutch shipments of mineral fuels including oil went up in value by 87%.

The slowest-growing category was live trees and plants via a modest 5.6% increase.

Source: WTEx

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