10 percent growth

Full steam ahead in the Netherlands

A new survey shows exporters in the Netherlands full of confidence in their business environment and viewing current changes in the UK as a growth opportunity.

Netherlands exporters see promise

Despite Brexit, trade agreements with Canada, and increased U.S. protectionism, export growth in the Netherlands is expected to accelerate by nearly 10 percent in 2018, according to a recently released report from the logistics and international trade organization Evofenedex.

The annual report, produced in collaboration with trade insurance provider Atradius, looks at the outlook for exports in the country, including trade issues, business pain points and market expectations.

More than 300 questionnaires were completed this year. Respondents included a large group from the Netherlands, many of whom were also present at the release of the report during a special event at Amsterdam ArenA.

The participating exporters on average expect to achieve a growth of 9 percent by the end of this year. Moreover, participants on average said they’d give their trust in the economic climate there a 7.2 score on a scale of 1-to-10.

Brexit driving many export plans

EU markets remain important to companies in the Netherlands. Three out of five companies reported that at least half their revenues are generated by inside the EU.

Germany, Belgium and France maintained their status as top EU export markets.

A large number of exporters – though not a majority – saw exports to the UK decline in the last 12 months.

The UK is in the top 3 for markets companies in the Netherlands want to enter in 2018.

And half the companies surveyed ranked the Netherland’s Foreign Trade Agreement with the UK as the most important trade agreement facing their country’s exporting businesses.

You can find more results from the study in Dutch at Trends in Exports. This report was sourced from the ‘Trends in Exports 2018’ study report by Evofenedex and Atradius.