The Netherlands - Market Overview
Table of content
- Why Netherlands Matters
- CETA Opportunities for Canada in Netherlands
- How to export to Netherlands
- Sectoral Opportunities in Netherlands
Source: Statistics Canada
2017 Trade and Investment between Netherlands and Canada (C$, Millions)
|Trade and Investment||(C$, Millions)|
|Canadian Merchandise Exports to Netherlands||$3,143|
|Canadian Merchandise Imports from Netherlands||$4,008|
|Canadian Service Exports to the Netherlands||$1,333|
|Canadian Service Imports from the Netherlands||$1,892|
|Dutch Direct Investment in Canada||$31,883|
|Canadian Direct Investment in the Netherlands||$32,606|
Why Netherlands Matters
- The Netherlands is Canada’s 5th largest export market in Europe (11th globally) Footnote 1.
- The Netherlands is the sixth largest economy in the EU by GDP and ranks fifth in the EU for GDP per capita Footnote 2.
- The Netherlands is Canada’s 2nd largest source of foreign investment after the U.S. Footnote 1a.
- With exports equal to 86.46% of its Gross Domestic Product (GDP), the Netherlands is a country steeped in a long history of trading. Footnote 3.
- The Netherlands is a gateway to Europe for Canada across the spectrum of trade, investment and technology exchange with an enormous transport logistics infrastructure built around the Port of Rotterdam (the largest in Europe), and Amsterdam’s Schiphol Airport.
- The Netherlands is one of the most innovative countries worldwide. It now ranks 6th in WEF Global Competitiveness Index (4th in 2017).
- Renowned internationally for its open culture and emphasis on entrepreneurship and innovation, the Netherlands is home to a vibrant, collaborative start-up ecosystem.
- The Dutch economy showed strong growth in 2017 (3.3%), was projected to grow at 2.5% in 2018 and is expected to moderate to ~2.0% in 2019 Footnote 4.
Read more on Canada-Netherlands Relations
Learn more about The Netherlands
CETA Opportunities for Canada in the Netherlands
Since the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) took force in 2017, it has already generated new economic opportunities for both Canada and the Netherlands. Both exports and imports between Canada and the Netherlands have increased significantly year-over-year since provisional application.
Under CETA, comprehensive tariff elimination will enhance the competitiveness of Canadian exports to the Netherlands. Canadian exporters will benefit from duty-free access for agriculture products.
Find out more about the benefits of CETA
How to export to Netherlands
Read the guide Exporting to the EU.
Sectoral Opportunities in Netherlands
Agriculture and Processed Foods
The Netherlands is the second largest agri-food exporter at CAD$138 billion in 2018 Footnote 5. The Netherlands is in the top three of Canada’s export destinations within the EU for agri-food products (CAD$697 million in 2018) Footnote 1c. with top exports from Canada being soy beans and wheat.
Information and Communications Technologies (ICT)
The Netherlands information technology infrastructure is strong with specialized networks powering global research and development efforts. This industry has given rise to globally competitive software developers, hardware firms and information technology consultancies in areas such as mobility, healthcare and cybersecurity. The attractiveness and sophistication of the Dutch market is reflected in the decisions by global leaders in ICT, Finance, and Professional Services to make the Netherlands the location for their European headquarters.
By 2050, the Netherlands aims to have a sustainable, reliable and affordable energy system. As part of this goal, the Dutch are planning to cut CO2 emissions by 50 percent and to generate some 40 percent of their electricity from sustainable sources like wind at sea and biomass. By 2020, the European Renewable Energy Directive has a target of 14 percent renewable energies and thus, renewable resources play an important role in the bio-based economy in the Netherlands. To increase renewable energy production, the government has earmarked an annual amount of CAD$18 billion in 2018, and $7 billion for the first half of 2019, representing a major step towards achieving the 2020 target.
Forestry and Wood Products
The Netherlands, which is a significant importer of forestry products and a European transfer hub for products entering the EU, offers opportunities for the Canadian forestry sector and its wood and wood products. In addition, the Netherlands has introduced legislation to ensure that, as of 2015, 100 percent of government buildings must be “green buildings” and meet strict environmental standards (equivalent of the LEED certification for sustainable buildings). Several tall wood buildings are being erected across the country, including HAUT in Amsterdam, Europe’s tallest wood building.
For more information on trade and investment opportunities in the Netherlands, contact your Trade Commissioner in the Hague, Netherlands.
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The World Bank
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International Monetary Fund
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