Exports from Netherlands grow fast, FDI at record level
The growth was somewhat lower than in January. Exports of transport equipment, natural gas, and oil products grew by most in February. Exports of Dutch products as well as re-exports were higher than in February last year.
The volume of imports was 0.5 percent larger in February than twelve months previously. In January, imports rose by 1.3 percent.
More transport equipment, natural gas, and oil products exporte
Foreign investors invested a record amount of money, 3.2 billion euros, in the Dutch economy last year. In total, 187 new investment projects were achieved including headquarters, manufacturing facilities, and data centers. These investments will lead to 6,304 extra jobs, according to the annual results of the Netherlands Foreign Investment Agency (NFIA) which were published today.
Through targeted acquisition, the NFIA attracted some very well-known companies. For example, US booking site Expedia expanded its service center in Amsterdam, adding 120 extra jobs. Netflix also located its new European headquarters in our country.
Furthermore, Google decided to build a 600-million-Euro data center in Eemshaven, in the northern province of Groningen. And the Canadian company Northland Power is investing more than 1.6 billion Euros in Gemini, the offshore wind park 85 kilometers north of the Groningen coast.
In Bergen op Zoom, American fashion giant American Eagle is establishing a large distribution center with employment for some 100 people. Additionally, the Spanish company Europastry is establishing a bakery in the city of Oldenzaal , creating 75 jobs. ■