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Thai Trade Notes Part II: The
Netherlands’ international trade
position
F
T
Feature
ollowing part I of the Thai Trade Notes in the last edition of Commerce Magazine, part II discusses
the Netherlands’ international trade position. Figures show that the market between the Netherlands
and Thailand still show a lot of potential. Figures compiled by the Economic Department of the
Netherlands Embassy. Statistics by the Bank of Thailand, Thai Customs Department and Statistics
Netherlands (CBS).
The Netherlands’ exports
The Netherlands’ exports in Euro terms grew signifi cantly in 2011. Total exports grew by almost 9 percent. As
Europe accounts for more than 80 percent of all Dutch exports, the strong overall growth can be att ributed to the
export growth within Europe.
The Netherlands' exports Growth in 2011 2011 2010 2008 1996
Total 8.9% 404,621 371,541 370,480 153,752
Europe 9.6% 326,774 298,094 304,985 131,592
Asia (incl. Middle East) 8.4% 34,318 31,647 26,189 10,176
North America 1.2% 18,523 18,307 18,199 5,785
Africa 8.7% 12,326 11,337 9,653 2,590
Others 4.3% 12,680 12,156 11,454 3,609
Unit: Million Euro Source: CBS
Although Asia is the second destination for Dutch exports, exports to Asia contribute only 8.4 percent of the total.
The largest single market in Asia is China, including Hong Kong. Dutch exports to China registered a remarkable
strong growth of 23 percent in 2011. Thailand is the 7th largest destination for Dutch exports to Asia, not including
the Middle East and Gulf Regions. However, with a contribution of only 0.2 percent Thailand is and remains
a small market for Dutch exports. It should be noted that whereas the CBS registered a Euro term growth of 9.6
percent in Dutch exports to Thailand, the Bank of Thailand registered a US Dollar term growth of twice that
percentage. That diff erence may in part be explained by exchange rate fl uctuations and by higher shipping costs
in 2011 as Thailand tends to use the CIF value in determining import values.
The Netherlands' exports to Asia Growth in 2011 2011 2010 2008 1996
China & Hong Kong
South Korea
23.0%
12.8%
8,271
3,633
6,725
3,222
4,942
2,465
1,489
824
Japan 7.0% 3,413 3,190 2,944 1,682
Singapore -0.2% 2,904 2,909 1,897 787
Taiwan -8.7% 2,245 2,459 1,462 1,056
India 8.6% 1,863 1,716 1,565 398
Thailand 9.6% 883 806 750 502
Malaysia -5.2% 677 714 526 312
Indonesia 17.5% 545 464 774 347
Others (incl. Middle East) 4.7% 9,884 9,442 8,864 2,779
Unit: Million Euro
Source: CBS
TThe
Netherlands’ imports
The Netherlands’ imports in Euro terms in 2011 grew 0.7 percent more than exports. Still the Netherlands
continues to register a healthy positive trade balance with the rest of the world. Total imports grew by 9.5 percent.
As Europe accounts for more than 62 percent of all Dutch exports, the strong overall growth can be att ributed to
the imports growth from within Europe.
volume 3, 2012 21