Netherland ar a Glance | FASTENER EURASIA MAGAZINE
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THE NETHERLANDS

Capital: Amsterdam
Population: 17,28 million 
The Gross Domestic Product (GDP): 909.07 billion US dollars (2019) (according to official data from the World Bank and projections from Trading Economics. The GDP value of Netherlands represents 0.76 percent of the world economy.)
GDP Growth Rate: 1.8%
GDP per capita (current US$): 52,447.8
Inflation: 2,7%
Unemployment Rate: 4.3%

Main Export Items: 
Machinery including computers, mineral fuels including oil, electrical machinery, equipment, pharmaceuticals, optical, technical, medical apparatus, vehicles, plastics, plastic articles, organic chemicals, Iron, steel, food and livestock 

Import items (2019): 
Mineral fuels including oil: US$98.5 billion (15.5% of total imports)
Electrical machinery, equipment: $94.3 billion (14.8%)
Machinery including computers: $84.9 billion (13.4%)
Vehicles: $36.9 billion (5.8%)
Pharmaceuticals: $32.6 billion (5.1%)
Optical, technical, medical apparatus: $27.9 billion (4.4%)
Plastics, plastic articles: $17.5 billion (2.8%)
Organic chemicals: $17 billion (2.7%)
Iron, steel: $11.8 billion (1.9%)
Other chemical goods: $9.9 billion (1.6%) 

With a surface area of more than 41,000 km2, and a population of around 17 million people, the Netherlands is one of the world’s smallest and most populous countries. 


ECONOMY

Most competitive economy in Europe 

The Netherlands has been crowned the most competitive economy in Europe by the World Economic Forum’s 2019 Global Competitiveness Index (GCI). The GCI Report ranked 141 economies, accounting for 99 percent of the world’s GDP, according to 103 individual factors: institutions, infrastructure, ICT adoption, macroeconomic stability, health, skills, product market, labour market, financial system, market size, business dynamism and innovation capability.

Fourth most competitive in the world 

On the World Economic Forum rankings the Netherlands passed Germany and Switzerland ranking 4th behind the new leader Singapore, the United States and Hong Kong. Interestingly, the score remains the same as in 2018, when the Netherlands was 6th. The country therefore actually owes its place to the declining performance of Germany and Switzerland. 

The World Economic Forum report gives praise to the Netherlands for its well-developed innovation ecosystem and institutional framework, calling it one of the best in the world. The state of the innovation ecosystem is due to the highly skilled workforce, vibrant business dynamism and advanced innovation capability. 

As the 6th largest exporter of goods in the world, according to the 2018 CIA World Factbook, the Netherlands holds a prominent position in international trade, exceeding bigger economies such as Italy and the United Kingdom. As the ‘gateway to Europe,’ the Netherlands plays a key role as a connective hub for Chinese imports. The Netherlands also import a large amount of mineral fuel from Russia and Norway, placing these countries in the top 10 of the Dutch trading partners.
The DESI (Digital Economy and Society Index ) study shows that the Netherlands is committed to advancing new digital technologies. It is investing strategically in digital technologies thanks to joint initiatives with the EU. 

The Netherlands signed EU declarations on the European Blockchain Partnership, Cooperation on Artificial Intelligence and Quantum Computing Infrastructure.  The Dutch Strategic Action Plan for Artificial Intelligence (2019) includes specific measures to encourage companies to adopt AI and other digital technologies. 

The government of the Netherlands along with non-governmental organisations and businesses have signed a deal to realise a one hundred percent circular economy by 2050. In the Netherlands new business models are being introduced that involve paying for use, rather than owning. This triggers industry to enhance life span and reuse of products. An example is Schiphol Airport in Amsterdam, where Philips provides “light as a service” – unlike selling lamps, as before. 

The Dutch waste separation systems are amongst the most effective, worldwide. As a result valuable raw materials are no longer lost in landfill sites. At the same time, innovations focus on improving recycling. This transition will foster sustainable economic growth and generate new jobs, while reducing waste, costs and emissions of greenhouse gasses.

MANUFACTURING
The Netherlands enjoys a strong position as a European manufacturing location for foreign-owned companies. Major multinationals in a wide range of industries have already established advanced manufacturing operations in the Netherlands.


The Netherlands is  involved in the electrical engineering, and creative and high-tech industries. Each of these industries contributes to the country's developed economy. Currently, a major focus of the Netherlands is to upgrade machinery in the agricultural sector and extend transport networks.

AUTOMOTIVE & MOBILITY
With its rich history in electronics, high tech materials and data innovation, the Netherlands is a leader in automotive & mobility solutions.
 It is ranked as the #1 country most prepared for autonomous vehicles according to KPMG, and leads European countries in automotive disruption according to Roland Berger. 

Holland is already the world’s 5th largest market for electric cars. The Dutch work together on an open protocol to charge and de-charge electric vehicles to the grid providing a new way of storage. Regions like Utrecht are already testing concepts such as linking solar panels of homes to chargers on the street. Initiatives  such as the Traffic Innovation Center link industry, research and government to determine how traffic infrastructure can work with the connected vehicles of the future. 
Dutch shared research programs such as Holst, Solliance and Brightlands Materials are developing new materials to use in cars, ranging from thin film electronics and solar panels to light weight heat-resistant polymers. Organizations such as Eurocarbon and the Thermoplastic Research Center (TPRC) have know-how to make and implement new generation light weight composites, based on aircraft technology.

METALLURGY
The metallurgy industry is an important part of the manufacturing sector in the Netherlands. The industry is made up of different components, such as equipment, services, consumables, and software. The metallurgy industry in the Netherlands is highly dependent upon both traditional craftsmanship and modern techniques of production. The industry works together with other sectors such as energy and power, healthcare, mining, automobile, real estate, and private shipbuilding. 
The Netherlands is among the world's top 20 largest steel exporters. The Netherlands exports steel to more than 160 countries and territories, and its top markets include countries in the European Union (Belgium, Germany, France, Italy, the United Kingdom, and Spain). The other top market is the United States.


LOGISTICS
The major cargo ports Schiphol Airport in Amsterdam, Port of Rotterdam and Port of Amsterdam are less than one hour distance from one another. The excellent rail, road and water connections makes the Netherlands a logistics hub for through transportation of goods throughout Europe. 

For international commerce, the Netherlands with 244 million consumers at its doorstep makes it the number one gateway into Europe. Over 1,000 Asian and American companies have based their pan-European Distribution Centres in the Netherlands in order to provide their clients access to highquality service, and very fast deliveries. 
In the 2018 World Bank Logistics Performance Index the Netherlands is ranked 6th on total. It ranks at the top when it comes to efficiency of its customs procedures, the quality of its transport and IT infrastructure, the affordability of its shipping and the level of professionalism of the logistics industry. 


ENERGY INNOVATION
The Dutch government offers a variety of competitive incentives to stimulate energy innovation and promote corporate use of renewable energy sources. As a result, the Netherlands has strengthened its top position in renewable energy R&D. Wind energy – particularly offshore wind farms – is gaining ground fast in the Netherlands and worldwide. The Netherlands is also experimenting with energy from waves, algae and biomass. It has developed innovative solutions in decentralised energy production in greenhouses, CO2 ‘recycling’ and waste heat utilisation for its energy intensive horticulture industry.
 
ELECTRIC DRIVING & SHIPPING
The Dutch government hopes to reduce CO2 emissions by investing in energy-efficiency and electric driving. Electric driving also reduces noise pollution from traffic while opening up new opportunities for the commercial sector. The Netherlands had 142,686 electric vehicles on its roads in 2018. 

There are only more electric passenger cars in Norway, the US, Japan and China. The Netherlands has the most dense network of charging stations for electric vehicles. Dutch businesses, social institutions, knowledge institutes and government agencies have joined forces in the Formula E-team to accelerate the adoption of electric transport, intending to capitalise on the economic opportunities associated with it. The company Port-Liner developed the ship of the future for inland navigation: an electric ship that can carry 280 seven-meter containers and can be easily recharged. 
The Netherlands is home to the first ‘live’ smart grid community in Europe (PowerMatching City in Groningen) and has the second largest fleet of plug-in electric vehicles in the world, after Norway. The country is a living lab for e-mobility with a dense infrastructure of charging stations.

Sources: Invest in Holland, European Commission, The Netherlands Compared, Statistics 
 

List of importing markets for fasteners exported by Netherlands 

Unit : US Dollar thousand

 

Importers

Exported value in 2017

Exported value in 2018

Exported value in 2019

World

1,076,622

1,083,150

997,075

Germany

505,047

506,082

409,889

Belgium

97,755

101,295

94,560

USA

32,538

36,391

57,262

France

66,631

54,755

53,499

UK

49,082

44,331

43,032

Sweden

42,973

36,200

32,770

Czechia

28,506

29,561

26,836

Italy

18,654

17,767

21,452

Spain

23,526

23,338

19,574

Poland

26,251

21,090

18,276

China

12,853

13,586

14,366

Denmark

10,435

11,986

10,611

Singapore

9,608

12,799

9,767

Norway

9,307

9,840

8,951

Portugal

9,509

10,142

8,375

Qatar

910

2,058

7,543

Romania

3,611

5,185

6,880

Ireland

3,932

5,105

6,524

Russia

4,956

7,714

6,495

Brazil

4,443

6,193

6,408

Austria

6,464

6,046

5,854

Slovakia

6,798

6,195

5,794

Argentina

577

1,467

5,577

Finland

6,463

6,439

5,547

Hungary

7,909

6,040

5,357

Turkey

6,005

5,824

4,821

Israel

2,465

4,467

4,645

Australia

5,030

4,021

4,637

Switzerland

3,277

4,264

4,467

UAE

3,281

3,577

4,467

Source: Trademap

 

List of supplying markets for a product imported by Netherlands 

Unit : US Dollar thousand

 

Exporters

Imported value in 2017

Imported value in 2018

Imported value in 2019

World

1,133,202

1,241,080

1,152,816

Germany

305,739

312,517

281,985

Taiwan

194,956

218,595

190,142

China

109,476

133,438

127,523

USA

65,115

72,736

68,578

UK

45,538

52,814

58,145

Belgium

52,221

56,156

52,894

India

55,991

56,997

50,351

Italy

35,303

39,577

39,760

Vietnam

40,852

44,921

37,687

France

34,544

36,276

33,597

Sweden

28,407

22,838

23,216

Malaysia

17,463

22,112

21,107

Japan

18,046

21,268

20,138

Denmark

3,637

3,937

13,753

Switzerland

11,983

15,649

12,810

Spain

12,491

11,023

12,634

Poland

8,224

10,648

10,765

Czechia

10,363

10,593

10,625

Thailand

13,835

17,065

10,421

Indonesia

7,106

7,718

9,625

Finland

13,748

13,653

9,567

Turkey

4,699

6,090

6,919

Ireland

5,208

5,529

6,698

Austria

5,254

6,689

6,536

Slovakia

4,903

6,254

5,822

S.Korea

8,670

6,902

5,672

Luxembourg

2,894

5,154

4,482

Israel

771

3,672

2,819

Philippines

2,099

2,762

1,889

Romania

1,908

1,919

1,712

Source: Trademap