Netherlands:What is the secret of Dutch trade?
The Netherlands are an old trade nation. During the Dutch Golden Age in the 17th century, they emerged as awell-known global maritime and economic power, and even had a monopoly on European trade with Japan.Today, although some of this glory has faded, the Dutch economy is still a big player in global trade. In 2018,the Netherlands were the sixth-largest goods exporter in the world. In the service-exports category, theDutch placed eighth in 20151. Considering exports relative to GDP, the Netherlands took third place in 2015(right behind Ireland and Switzerland). However, times have changed. The favourable trade environmenthas vanished and global trade has lost its momentum. Coface expects world trade to decrease by 0.8% involume across 2019 as a whole (with a minus of 0.6% quarter-on-quarter in Q3 and a small plus of 0.3% in Q4).
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