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The Netherlands generates €22.7 billion revenue from exports to UK

Staff Writer |
In 2017, trade with the United Kingdom generated 22.7 billion euros in the Netherlands.

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This is equivalent to 3.1 percent of Dutch GDP, versus 3.2 percent in 2015 and 2016. Some 218 thousand jobs were related to these exports. Statistics Netherlands (CBS) reports this on the basis of research on the value added of exports, commissioned by the Ministry of Economic Affairs and Climate Policy.

The Netherlands’ highest export revenues are in trade with Germany, followed by the United Kingdom.

When costs of imported raw materials, intermediate products, end products, semi-finished products and imports destined for re-exports are deducted from the export value, this results in 22.7 billion euros worth of export earnings.

This is an increase of 1.0 billion euros compared to 2015 and 0.4 percent less than in 2016. Over 45 percent of export revenues are related to Dutch-manufactured goods, 42 percent are related to services; the remaining part concerns re-exports.

In 2017, wholesale and commission trade benefited by far the most from exports to the United Kingdom (3.8 billion euros).

Other sectors generating one billion euros or more were holdings and management consultancies, storage and transport services, temp agencies and employment services and agriculture.

Compared to 2015, the distribution over the various sectors of the value added of exports to the United Kingdom has changed.

The value added in wholesale and commission trade was up 314 million, i.e. an increase of more than 9 percent.

This was 18.9 percent for temp agencies and employment services, 8.8 percent for holdings and management consultancies and 10 percent for storage and transport services.

The value added in the car and trailer sector rose by 58 percent. On the other hand, the value added in the export of petroleum and natural gas to the UK decreased by 33.6 percent.

In 2016, exports to the United Kingdom created over 218 thousand full-time jobs in total. These were taken up by 63 thousand women and 155 thousand men.

Most of these jobs were in business services (62 thousand), mainly temp agencies and employment services (23 thousand) and holdings and management consultancies (12 thousand). Manufacturing industry, trade, and transport and storage follow at 41 thousand, 38 thousand and 25 thousand respectively.

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