The export value of Dutch products to the UK was in the first quarter 5.7 billion euros. Re-exports in that period were good for 3.2 billion euros. In 2020, the Dutch economy earned roughly 56 cents per euro on exports of Dutch-made products to the UK, compared to 14 cents per euro on re-exports.
Increased importance of Dutch exports to the UK
In the first quarter of 2021, the total export of goods produced in the Netherlands grew by 8 percent; significantly lower than the growth of exports to the UK (24 percent). This is partly because the share of oil and gas in the export package has become much higher than a year earlier. Oil and gas prices rose sharply in the first quarter.
Partly as a result of these developments, the share of Dutch manufactured goods exports to the UK increased from 6.5 percent in the first quarter (1me 2020 quarter) at 7.5 percent. Although this is 1 percentage point more than in 2020, compared to the first quarter of 2016, the share of Dutch manufactured goods exports to the UK was more than 1 percentage point lower.
Significant increase in oil and gas exports
Exporters of Dutch products to the United Kingdom sold in the first quarter of 2021 with a growth of 235 million euro especially more oil and gas. The export of flowers and plants grew 179 million euros. In addition, the export of medical devices and other healthcare products gained momentum in the first three months of this year. By contrast, the export of Dutch-made passenger cars to the UK in particular lagged significantly behind the first quarter of 2020.
|oil and gas||235|
|flowers and plants||179|
|Computers, office machines||83|
|Instruments and medical devices||66|
|Ships and boats||-32|
|Generators and motors||-twenty-one|
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