The Netherlands is the 8th largest export economy in the world and the 18th most complex economy. The Netherlands exported $461B, making it the 8th largest exporter in the world. the Netherlands imported $485B, making it the 8th largest importer in the world. The Netherlands is the third largest exporter in the Euro Area and derives more than two-thirds of its GDP from merchandise trade. Main exports are: machinery and transport equipment (28 percent of total exports), mineral fuels (23 percent), food (11 percent), clothing and footwear (10 percent) and pharmaceuticals (5 percent). Over 60 percent of total exports is sent to European Union countries. Main partners are: Germany (24 percent of total exports), Belgium (12 percent), France (9 percent), United Kingdom (8 percent), United States, Italy and Japan.
Imports to the Netherlands rose 7.4 percent year-on-year to EUR 39.46 billion in May 2019, mainly driven by higher purchases of chemical products (12.4%); machinery & transport equipment (8.4%); miscellaneous manufactured articles (10.3%); and mineral fuels, lubricant and related products (5.5%). Imports from the EU advanced 7.5 percent and those from outside the EU rose at a faster 13.2 percent. Imports in Netherlands averaged 12338.60 EUR Million from 1960 until 2019, reaching an all time high of 40580 EUR Million in October of 2018 and a record low of 584.90 EUR Million in August of 1960.
Imports in Netherlands is expected to be 37400.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Netherlands to stand at 40100.00 in 12 months time. In the long-term, the Netherlands Imports is projected to trend around 40750.00 EUR Million in 2020,
The Netherlands main imports are: fuel (29 percent of total imports), machinery (26 percent), food and live animals (8.6 percent), pharmaceuticals and electronics. Main import partners are: Germany (17 percent of total imports), Belgium (10 percent), China (8.5 percent), United Kingdom (6.9 percent), United States (6.6 percent), Russia and Italy.
Exports from Netherlands went up 7.9 percent year-on-year to EUR 45.03 billion in May 2019, boosted by higher sales of chemical products (6.9%); machinery & transport equipment (13.6%); miscellaneous manufactured articles (10.1%); and mineral fuels, lubricant and related products (5.4%). Exports to the EU increased 6.0 percent while those to outside the EU surged 12.6 percent. Exports in Netherlands averaged 13516.49 EUR Million from 1960 until 2019, reaching an all time high of 45269 EUR Million in March of 2019 and a record low of 494.60 EUR Million in January of 1960.
Exports in Netherlands is expected to be 41500.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Netherlands to stand at 44700.00 in 12 months time. In the long-term, the Netherlands Exports is projected to trend around 44700.00 EUR Million in 2020.
