-Â Position as a Global Logistics Hub
The Netherlands is a global logistics hub, which means that large logistics companies, distributors and providers of logistics-related services are based here. This allows export companies to utilize efficient distribution networks.
-Â Ease of Communication
Most Dutch residents speak English well, and the country has a culture that is open to cultural and linguistic diversity. This makes it easier for international businesses to communicate with local partners and customers.
-Â Economic and Legal Stability
The Netherlands is known for its economic and legal stability. This provides certainty to foreign companies wishing to invest and do business in the country.
All these factors, together with its strategic location in Europe, make the Netherlands an attractive export market for many international companies.
How is the development of Indonesian exports to the Netherlands ?
The Netherlands is also the 11th largest export destination country for Indonesia, with main commodities (based on HS4) including: palm oil (19.16%), copra (11.31%), monocarboxylic fatty acids (10.69%), unsaturated acyclic monocarboxylic acid (5.97%), tin (5.41%). Meanwhile, Indonesia's imported commodities from the Netherlands, namely: distilled coal tar (25.17%), goods transport vehicles (7.10%), petroleum (4.39%), artificial tow thread (2.64%), foodstuffs (2.12%).
Trade with the Netherlands, Indonesia has a surplus of US$3.79 billion in 2021. According to a report from the Ministry of Trade (Kemendag), Indonesia's trade balance with the Netherlands recorded a surplus of US$3.79 billion throughout 2021.
This surplus grew 63.92% compared to the previous year, and was the highest achievement in the last 6 years. The total value of Indonesia's trade with the Netherlands also grew 39.81% from US$3.92 billion in 2020 to US$5.48 billion in 2021.
In detail, the value of Indonesia's exports to the Netherlands grew 48.75% to US$4.63 billion in 2021 compared to the previous year. Meanwhile, the value of Indonesia's imports from the Land of Windmills rose 5.2% to US$846.12 million in 2021.
Trade Balance between Indonesia and the Netherlands in 2020
Indonesia's trade balance with the Netherlands experienced a surplus of US$ 2.31 billion in 2020. However, the trade balance surplus figure appears to have decreased by 2.67% compared to the previous year's balance which was recorded at US$ 2.37 billion.
According to Trademap data, the decline in the trade balance is supported by the value of Indonesia's exports which was able to reach US$ 3.11 billion. This value is higher than Indonesia's import activities from the Netherlands which were recorded at US$ 804.33 million. Indonesia's export activities to the Netherlands have been on a downward trend in the last year. The previous year, Indonesia's export value was US$ 3.2 billion. As for imports, according to Trademap data there was a decrease of 3.33% compared to the previous year which was recorded at US$ 832.01 million.
Based on product type, there are 10 main products that Indonesia exports to the Netherlands which have proven capable of recording a surplus during 2020. The total export value of these main products reached US$ 2.17 billion.
Globally, the trade balance for all goods products is better this time because there has been an increase in several types of goods. The total value of Indonesia's trade balance was recorded at US$ 21.68 billion or an increase of 703.56%. In other words, Indonesia recorded a trade balance surplus. The previous year, Indonesia's trade balance with all countries in the world was recorded at US$ -3.59 billion.
Project Exported to Netherlands
List of 10 main products exported by Indonesia to the Netherlands
