Trading Partner Portal: Netherlands
The Netherlands has a population of 17 million citizens and GDP of $777 billion (2016). The Netherlands, literally meaning “low countries” with its capital in Amsterdam, has one of the largest ports in Europe – Rotterdam – and is the home to The Hague, the seat of the Dutch government, parliament and the Supreme Court. Most foreign embassies and international organizations such as the International Court of Justice and the International Criminal Court are also housed in The Hague.
The United States greatly values its strong economic and commercial ties with The Netherlands as it has no significant trade or investment barriers. The Netherlands is a receptive market for U.S. exports and an important investment partner. The Netherlands is the eighth largest investor in the United States, supporting an estimated 460,000 jobs, and the eighth largest importer of U.S. goods with a value of $42.2 billion in 2017. The Netherlands participates in the Visa Waiver Program, which allows nationals of participating countries to travel to the United States for certain business or tourism purposes for stays of 90 days or less without obtaining a visa.
Top exports included chemicals (20.9%), computer and electronic products (17.1%), miscellaneous manufactures commodities (4.5%), and transportation equipment (8.2%). In exchange the United States imported $17 billion from Netherlands in 2017. This included chemicals (21.7%), non-electrical machinery (17.9%), re-imports (8.7%), and petroleum & coal products (8.7%).
Netherlands imported $5.78 billion worth of goods making it California’s 9th largest export destination in 2017. These California exports included computer and electronic products (25.7%), miscellaneous manufactures commodities (17%), transportation equipment (16.3%), and electrical equipment, appliances and components (12.1%). California imported approximately $1.5 billion in 2017 from the Netherlands. The majority of imports were re-imports (21.7%), transportation equipment (12.1%), non-electrical machinery (11.7%) and beverages and tobacco products (9.8%).
Foreign direct investment from the United States to the Netherlands totaled $936.7 billion in 2017 and conversely the investment from The Netherlands to the United States was $367 billion and $169 billion by UBO. Netherlands FDI supported 460,400 jobs in the US, invested $4.6 billion into research and development, and another $39.9 billion into expanding US exports. The top industry sectors for FDI into the US are software and IT services, business services, industrial machinery, financial services, chemicals, and plastics. Select USA
In Southern California, the number ten country for FDI through foreign-owned enterprises (FOEs) is the Netherlands. Dutch FOEs in Southern California provide over 10,500 jobs through over 200 firms. This amounts to $746 million in wages. The top sectors of Dutch FOEs are leisure and hospitality, retail trade, professional and business services, financial activities, and manufacturing. (LA Business Journal, V. 40 No. 21, 2018)
U.S. -Netherlands Relations (U.S. State Department)
Dutch Companies in California (Holland: Pioneers in International Trade)
14/15 Global Work Plan – Visit California
California - Netherlands Relations
California – Netherlands Relations
The Netherlands, California to sign $21M Electric Vehicle & Smart Mobility Agreement
The Bay Area Air Quality Management District hosted the Government of the Kingdom of the Netherlands to celebrate the signing of the agreement which confirms a $21 million commitment to support electric vehicle technology and smart mobility policy development. This agreement creates a California/Dutch Business Fund which will contribute to economic development and job growth in both California and the Netherlands.
NL in the USA, January 9, 2017
California, Netherlands Province Sign Agreement to Collaborate on Innovative Transportation Energy Projects
The California Energy Commission and the Province of Noord-Holland of the Netherlands signed an agreement on the innovation of transportation technology projects and for the reduction of greenhouse gasses by 2050. “This is an exciting partnership with our friends in the Netherlands who, like California, are leading the way in transportation energy policy and technology innovations that are helping to meet our shared climate and clean air goals,” said Janea A. Scott, lead commissioner on transportation for the California Energy Commission.
Both California and the Netherlands, in particular the Province of Noord-Holland, are leaders in transportation technology in their continents.
Government of California, March 11, 2015
Scientist from the Netherlands to Join CDFA and UC Davis at Water Seminar
A group of scientist from the Wagenningen University in the Netherlands along with U.C. Davis and the California Department of Food and Agriculture Fertilizer
Research and Education Program teamed up for one-day seminar on water efficiency and water quality. Wageningen University in the Netherlands has a memorandum of understanding with U.C. Davis to collaborate on water issues.
California Department of Food and Agriculture, December 3, 2012
Netherlands Looks Ahead to Post-Brexit World, CalChamber, December 11, 2018
he Netherlands looks ahead to changing trade relations in Europe as the United Kingdom is leaving the European Union, the Dutch Consul General explained to a California Chamber of Commerce gathering last week.
Gerbert Kunst, Consul General at the Consulate General of the Netherlands in San Francisco, summarized for attendees at the CalChamber Council for International Trade breakfast on December 7 some of the consequences of the UK exit from the EU, including:
- Brexit is anticipated to have a negative effect on the economy, as the Netherlands and the UK have historically strong trade relations. However, it also presents opportunities to Dutch businesses as they will have certain advantages over their UK competitors that will no longer be part of the EU.
- The European Medicines Agency, comparable to the U.S. Food and Drug Administration, will be relocating from London to Amsterdam in 2019, along with nearly 20,000 jobs.
- Certain international companies in the UK are considering moving to mainland Europe, and the European Banking Authority will be relocating from London to Paris.