Two-fold increase in US goods to Netherlands since 2007

16 May '23

2 min read

Pic: Shutterstock/apiguide

Insights

In 2021, the Netherlands imported 42 billion kg of goods worth €50 billion from the US, primarily crude oil and petroleum products.
Imports from China, Taiwan, and Mongolia grew in both weight and value, reaching 29 billion kg and €164 billion, respectively.
Russia was the largest supplier by weight, while China, Taiwan, and Mongolia led in terms of value.

In 2021, 42 billion kg of goods from the US were brought to the Netherlands, twice as much as in 2007—valued at €50 billion. Goods from the US are mainly bulk commodities, for example, crude oil, refined petroleum products, coal, and lignite, as per Statistics Netherlands (CBS).

The increase was just the other way around for the country group China, Taiwan, and Mongolia, with inbound goods doubling in value and the weight increasing by over 50 per cent, CBS said in a new publication on international goods flows in 2021.

The landed weight from China, Taiwan, and Mongolia was 29 billion kg, at a value of €164 billion. In 2021, altogether 631 billion kg of goods entered the Netherlands. This represented a 6 per cent increase on 2020 and was close to the 2019 pre-pandemic level again. The goods held a combined value of €940 billion, up by 17 per cent on 2020. The bulk of the goods was bound for re-export; around 61 per cent of the goods (in gross weight) left the Netherlands again in an unprocessed or virtually unprocessed state.

Measured in weight, Russia was the largest supplier of goods in 2021, holding a 14 per cent share. Germany was the second largest with 11 per cent, followed by Belgium and Luxembourg, and the US. The top supplier in terms of value in 2021 was the country group China, Taiwan, and Mongolia with a share of 17 per cent. The runner up was again Germany at 13 per cent, followed by a group of EU countries in Eastern Europe at 8 per cent.

Russia and the US represent less significant value compared to the weight of their goods. Conversely, the country group China, Taiwan, and Mongolia has a smaller share in landed weight but represents a larger share in terms of value.

Crude oil, refined petroleum products, and coal and lignite combined took up nearly 70 per cent of the total goods supply from the US in 2021. Leading in terms of value were transport equipment at 22 per cent, machinery and electronics at 20 per cent as well as crude petroleum and refined petroleum products—together slightly over 20 per cent.

Of the goods arriving from China, Taiwan, and Mongolia in 2021, textiles, leather, and products thereof accounted for 7 per cent.

ALCHEMPro News Desk (NB)

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