The top import origins are Germany (around $80B), Belgium-Luxembourg ($53B), China (around $44B), Russia ($41B) and the United Kingdom ($36B). In terms of location, the Netherlands borders Germany and Belgium by land. Its borders by the sea are Anguilla, the UK, Saint Kitts and Nevis, Venezuela and the Virgin Islands. The main imports are crude petroleum ($70B), computers ($24B), refined petroleum ($57B), packaged medicaments ($13B) and telephones ($13B).
Imports have stayed relatively steady with slight increases, especially in relation to machinery and transport equipment, chemicals, raw materials and food. The import numbers are around €375 billion, which has been effected by lower imports of mineral fuels and lubricants. The Imports in Netherlands has averaged 11077 EUR Million yearly from around 1960 to today, with a peak at almost 35000 EUR Million at the end of 2012 and a low of almost 580 EUR Million at the end of 1960.
The main imports of the Netherlands are: fuel (almost 30%), machinery (over 25%), live animals and food (over 8%), electronics and pharmaceuticals. Netherlands has a number of strong import countries, which are: Germany (over 15%), Belgium (10%), China (8%), UK (almost 7%), United States (6%), Russia and Italy. It is estimated that over 30% of the income from the Netherlands is from the export of goods and services.
Exporting to The Netherlands? Contact our local experts
Trade finance is a revolving facility which lenders offer - it enables businesses to purchase stock supplies and can help ease working capital issues.
Typically, a trade financier will fund up to 100% of the cost of the products, including charges (e.g. VAT taxes).
If you're a company importing or exporting stock around the world, then a trade finance facility would help you to fund this through offering a letter of credit or some form of cash advance.
If you’re looking to export inventory to other markets, you may require export finance, which is an agreement between yourself (the exporter), and the importer. A trade finance bank would advance you the cost of producing the stock supplies that you’re exporting (as a loan), either once you have sent the goods, or before you have produced them. Once your foreign importer has received the stock and pays you for the import, you will repay the advance loan from the export lender over an agreed period.
Read the TFG Exporters Guide here.
Importing from The Netherlands? Contact our local experts