What is the main product of Netherlands?

Main exports are: machinery and transport equipment (28 percent of total exports), mineral fuels (23 percent), food (11 percent), clothing and footwear (10 percent) and pharmaceuticals (5 percent). Over 60 percent of total exports is sent to European Union countries.

What natural resources does the Netherlands produce?

Natural resources: natural gas and petroleum ( North Sea drillings), peat, limestone, salt, sand and gravel.

What does the Netherlands manufacture?

Important components of the manufacturing sector include food and beverages, metal, chemical, petroleum products, and electrical and electronics industries. Textile manufacturing, shipbuilding, and aircraft construction were important historically, but employment in those sectors has greatly declined.

What are the major industries in the Netherlands?

The Netherlands is one of the world’s 10 leading exporters. The foodstuffs industry is one of the country’s biggest industries, while other major industries include energy, chemical, trade, machinery, metallurgy, electrical goods and services, and tourism.

What is the Netherlands economy based on?

A European transportation hub, the Netherlands has the EU’s fifth-largest economy, supported by exports of chemicals, refined petroleum, and electrical machinery as well as by a highly mechanized and profitable agricultural sector.

What type of market is the Netherlands?

The Dutch economy is a private free-market system . The main impact of the government on the economy is through regulation and taxation. The Dutch have long been renowned as merchants and almost two-thirds of the economy is now based on foreign trade.

What goods are imported to the Netherlands?

The Netherlands main imports are: fuel (29 percent of total imports), machinery (26 percent), food and live animals (8.6 percent), pharmaceuticals and electronics.

What are the top 5 exports of Netherlands?

Netherlands’ Top Exports

• Refined petroleum – $46.9 billion.
• Crude petroleum – $9.73 billion.
• Petroleum gas – $7.33 billion.
• Cheese – $3.88 billion.
• Scrap iron – $3.1 billion.

How much food is exported from the Netherlands?

In 2017, the Netherlands exported $111 billion worth of agricultural goods, including $10 billion of flowers and $7.4 billion of vegetables. Have you read? Will food be grown in soil in 100 years time?

What is the economy like in the Netherlands?

Despite having only 17 million inhabitants, the Netherlands is ranked as the 17th largest economy in the world in terms of GDP. The country is the #7 export economy with annual exports of $550 billion.

What are the fastest growing export categories in the Netherlands?

Pharmaceuticals represent the fastest grower among the top 10 export categories, up by 64.5\% from 2019 to 2020. In second place for improving export sales was electrical machinery and equipment via a 55.8\% gain. Netherlands’ shipments of machinery including computers posted the third-fastest gain in value up by 33.1\%.

Which countries export the most scrap iron from the Netherlands?

The Netherlands is the fifth-largest exporter of scrap iron and enjoys a 7.44\% share of an annual export market worth $41.6 billion. Turkey (24.7\%) and Finland (19.4\%) are key export destinations for the Netherlands’ scrap iron, while the USA and China account for only 6\% of its annual exports of this product.