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In Money Matters

Exports from the Netherlands decreased 17 percent y/y

10th December 2020 Charles Sizemore

Exports from the Netherlands decreased 17 percent y/y Pin It

Exports of Dutch goods to the United Kingdom decreased slightly in the first ten months of this year compared to the same period last year. In total, EUR 14.5 billion of goods were exported, 17 percent less than in 2019. That’s what the Central Bureau of Statistics reports on Thursday.

Total exports of Dutch goods fell by 10 percent during the same period. The UK is one of the main destinations for Dutch exports. Britain is the third largest market for Netherlands after Germany and Belgium.

zHowever, this importance seems to diminish somewhat. In the period January to October 2015, the year before the Brexit referendum, a total of EUR 15.7 billion was exported to the UK. The flow of goods to the British accounted for 7.8 percent of total exports. In the first ten months of this year, the share was 6.8 percent.

The Netherlands mainly exports a lot of meat to the UK, but also vegetables, fruit, flowers, plants, plastics and medicines are shipped a lot.

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