Value of exports of Dutch manufactured goods to the UK in the first quarter 5.7 billion euro. Re-export in that period is good for 3.2 billion euro. In 2020, the Dutch economy earned about 56 cents per euro in exports of Dutch-made goods to the UK, compared to 14 cents per euro in re-exports.
Importance of Dutch-made exports to the UK is increasing
In the first quarter of 2021, total exports of goods produced in the Netherlands grew by 8 percent; much lower than export growth to the UK (24 percent). This is partly because the portion of oil and gas in the export package is much larger than the previous year. Oil and gas prices rose sharply in the first quarter.
Partly as a result of these developments, the share of exports of Dutch-made goods to the UK increased from 6.5 per cent in the first quarter (1e quarter 2020) to 7.5 percent. While this is 1 percentage point higher than in 2020, compared to the first quarter of 2016, the share of Dutch manufacturing exports to the UK is more than 1 percentage point smaller.
Significant increase in oil and gas exports
Dutch exporters of products to the UK sold in the first quarter of 2021 with growth 235 million euro especially over oil and gas. Exports of flowers and plants grew by 179 million euro. In addition, exports of medical devices and other health aid goods experienced momentum in the first three months of this year. On the other hand, exports of passenger cars produced by the Netherlands to the UK in particular lagged significantly compared to the first quarter of 2020.
|oil and gas||235|
|Flowers and plants||179|
|Computers, office machines||83|
|Medical Instruments and Devices||66|
|Ships and boats||-32|
|Generators and motors||-21|
“Certified introvert. Devoted internet fanatic. Subtly charming troublemaker. Thinker.”