Economy

Higher prices and re-exports save agricultural exports | Financial

The Central Bureau for Statistics (CBS) and Wageningen Economic Research (WUR) report this on behalf of the Ministry of Agriculture, Nature and Food Quality. The export value in 2020 amounted to € 95.6 billion, 1% more than in 2019.

Statistics Netherlands and the economists of Wageningen University expect that the Netherlands will have an estimated € 41.9 billion in export earnings in 2020.

Including agriculture-related items such as machines for the agricultural industry and food industry, the total export value comes to € 105.4 billion and the earnings to € 46.1 billion.

Re-export

The export value of Dutch products fell more than half a percent to € 68.3 billion. The value of re-exports, ie foreign products that find their final destination via the Netherlands, has increased by 5.1%.

Our flowers, plants, bulbs and nursery stock are the main export products. The export value amounted to € 9.5 billion, a fraction more than in 2019.

Meat exports are declining

Meat, the second largest export product in value after floriculture, was less able to find its way to foreign customers. The export value decreased from € 9 billion in 2019 to € 8.7 billion last year.

Meat found its way to foreign customers more difficult in 2020.

Meat found its way to foreign customers more difficult in 2020.

With a share of no less than 26% of the total export value, Germany is by far the most important trading partner of the Dutch agricultural sector. The value of exports to the eastern neighbors rose by 4% to € 24.6 billion in 2020.

Belgium, the United Kingdom and France follow Germany as the main exporting countries. Exports to all these countries have shrunk last year.

The export value of agriculture-related decreased by 0.6%. We sold fewer machines and fertilizers abroad. The export value of fertilizers even fell 9%.

On the other hand, the export value of greenhouse materials rose by 19% to € 1.8 billion, making greenhouse construction almost equal to suppliers of machines for the food industry.

Incidentally, the calculators of Statistics Netherlands and WUR emphasize that the figures are still an estimate. Due to the corona crisis, the estimate is also extra uncertain.

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