Machinery exports account for highest earnings in Netherlands
Topics: MACHINERY NETHERLANDS
In 2018, the value added generated due to exports of machinery such as chip manufacturing equipment and machinery for the food processing industry amounted to almost 16 billion euros.
This is nearly 4 billion euros more than in 2015. Statistics Netherlands (CBS) reports this on the basis of new figures.
After machinery, the second most profitable export products are metal and metal products with nearly 6 billion euros.
Horticultural products (including flowers, plants, flower bulbs and tree nursery products) are in third place, with export earnings amounting to nearly 5.5 billion euros. Natural gas, high-quality plastics, meat and organic chemistry (e.g. hydrocarbons) each generated between 4.5 billion and 5 billion euros in export earnings last year.
Other export products in the top ten include dairy, pharmaceutical products (e.g. medicines) and processed food (e.g. baby milk powder).
Among the ten most profitable domestically manufactured export products, only natural gas generated less value added in 2018 than in 2015.
Natural gas was still the second largest export product four years ago. Natural gas generated over 2 billion euros less in 2018 and is now the fourth highest-earning export product.
Relative to 2015, domestic value added in exports has increased most rapidly (by nearly 4 billion euros) in the export of machinery and machine parts. Metal and metal products, high-quality plastics, dairy and processed food now rank higher than in 2015. ■