Importing from Netherlands

Netherlands Import Guide | Trade Finance Global

Importing from Netherlands

The Netherlands stands as the eighth largest export economy in the world and the twentieth most complex economy as ranked by the Economic Complexity Index (ECI). In recent years, the Netherlands exported around $535B yearly and imported around $540B, resulting in a small negative trade balance. In 2013 the GDP of the Netherlands was around $850B and its GDP per capita was around $46k.

It is estimated that the value of exports is over 80% of the Netherlands’ GDP a year. The main export destinations are Germany (around $115B), Belgium-Luxembourg ($90B), the United Kingdom ($52B), France ($33B) and Italy ($26B). The largest exports of the Netherlands are refined petroleum (at around $76B), petroleum gas ($25B), crude petroleum ($26B), computers ($16B) and packaged medicaments ($12B).

Netherlands Country Profile

Official Name (Local Language) Koninkrijk der Nederlanden
Capital Amsterdam
Population 17,016,967
Currency Euro
GDP $773.9 billion
Languages Dutch, Eastern Frisian
Telephone Dial In 31

Netherlands Exports Profile

Exports ($m USD)

505,941

Number of Export Products

4,461

Number of Export Partners

232

Top 5 export partners

Country

Trade

% Partner Share

Germany

110,857

21.91

Belgium

51,884

10.25

United Kingdom

43,411

8.58

France

40,625

08.03

United States

22,037

4.36

Top 5 Export Products at HS 6 digit level

Export Product

Number

Petroleum oils, etc, (excl. crude); preparation

8.7%

Parts and accessories of automatic data process

3.5%

Transmission apparatus, for radioteleph incorpo

3.3%

Other medicaments of mixed or unmixed products,

2.8%

Human and animal blood; microbial cultures; tox

1.9%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Netherlands

Agriculture

%

Product List

1.6%

Vegetables, ornamentals, dairy, poultry and livestock products; propagation materials

Industry

%

Industry List

17.8%

Agroindustries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum, construction, microelectronics, fishing

Services

%

Services List

70.4%

Importing from Netherlands: What is trade finance?

Trade finance is a revolving facility which lenders offer – it enables firms to buy stock and can help ease the pressure from cash flow problems.

Typically, an alternative financier will fund most of the cost of the receivables, including charges (e.g. taxes).

Trade finance offers added advantages over more traditional bank funding such as asset finance or loans. Trade finance provides up front funding without affecting existing relationships with banks.

How does it work?
If you’re a business importing or exporting products 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.

I’m looking to import from Netherlands, how can Trade Finance Global help, and how does it work?
If you are looking to import inventory from other countries, you may require import finance, which is an agreement between yourself (the importer) and the foreign exporter. A non-bank lender will act as the intermediary, paying the foreign exporter on your behalf until you receive the products and have then sold them to your customer. Repaying the funder then occurs over an agreed period.

Information

Importing from Netherlands? Contact our local experts

Netherlands Economic Statistics

Government Website

https://www.overheid.nl/

Sovereign Ratings

https://countryeconomy. com/ratings/netherlands

Central Bank

De Nederlandsche Bank

Currency USD Exchange Rate

9214

Unemployment Rate

0,06

Population below poverty line

8.8%

Inflation Rate

0.3%

Prime Lending Rate

0

GDP

$773.9 billion

GDP Pro Capita (PPP)

$50,800

Currency Name

Euro

Currency Code

EUR

World Bank Classification

High Income

Competitive Industrial Performance

4/138

Corruption Perceptions Index

8/180

Ease of Doing Business

36/190

Enabling Trade Index

2/136

Currency in Netherlands

About the Author

Back to Top