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The Netherlands is an important trading partner for the Philippines. In 2009, the Netherlands rankes as the Philippines’ 3rd biggest export trading partner, accounting for 9.76% (USD 3,740.57 million) share of total Philippine trade (USD 38,326.71 million). The Netherlands is the first export destination for the Philippines in Europe. Since many years the Philippines has a substantial surplus in the trade with the Netherlands.

A. BILATERAL MERCHANDISE TRADE

Value in US$ Million

YEAR TOTAL TRADE EXPORTS TO

the Netherlands

IMPORTS FROM

the Netherlands

BALANCE OF

TRADE

2005 4,454 4,033 421 3,612
2006 5,195  4,769  426  4,343
2007 4,631  4,149  482  3,667
2008 4,161  3,708  453  3,255
2009 4,067  3,743  324  3,419
Growth Rate

(%) 2005-2009

(3.96)  (3.92)  (4.58)  

Source: ITC Trademap

B. PHILIPPINE EXPORTS TO NETHERLANDS

 Products 2009 EXPORTS

(US$Million)

%Share
  TOTAL EXPORTS 3,743.52 100.00
1 Monolithic integrated circuits, digital  1,983.88 53.00
2 Parts & accesories of automatic data processing machines & units  926.55 24.75
3 Coconut (copra) oil crude  205.14  5.48
4 Static converters  156.61  4.18
5 Particle accelerators  116.30  3.11
6 Electronic microassemblies  67.50  1.80
7 Computer input/outputs, with/without storage  45.03  1.20
8 Computer data storage units  22.73  0.61
9 Spectacle lenses of other materials  18.48  0.49
10 Aircraft parts  17.83  0.48

Source: ITC Trademap

C. PHILIPPINE IMPORTS FROM NETHERLANDS

 Products 2009 EXPORTS

(US$Million)

%Share
  TOTAL IMPORTS 323.16 100.00
1 Monolithic integrated circuits, digital 38.45 11.90
2 Electronic Integrated circuits, monolithic, analogue 27.22 8.42
3 Parts & accessories of automatic data processing machines & units 25.11 7.87
4 Food preparations 23.11 7.15
5 Preparation of cereals, flour, strach/milk for infant use, put up for retail sale 17.18 5.32
6 Medicaments 13.78 4.26
7 Animal feed preprations 11.33 3.51
8 Whey whether or not concentrated or sweetened 6.19 1.92
9 Parts of electrical apparatus for line telephone or line telegraphy 5.95 1.84
10 Machine & mechanical appliances having individual functions 5.69 1.76

Source: ITC Trademap

COUNTRY INVESTMENT IN THE PHILIPPINES

In million pesos

2004  2005 2006 2007 2008 2009
 1,473.1 19,207.6 7,188.1 14,401.2 45,354.1 2,070.0

Source: BOI

As of end-2009, foreign direct investments of the Netherlands to the Philippines on a cumulative basis since 2004 has made the Netherlands (Php89.6 B) the largest EU investor country in the Philippines. The Netherlands as an investor country is ranked as the fourth largest after Japan, United States and Korea. As a result, Dutch companies are among the largest foreign investors in the Philippines. Major Dutch companies like Royal Dutch Shell, Unilever and Philips established themselves many decades ago. In total some 150 Dutch companies are now represented in the Philippines. Dutch companies in the Philippines have large business ventures in the oil industry, petroleum trading, oil and gas exploration, solar energy, electronics, banking, food, home and personal care products; coco choir and furniture export, wholesale trade and outsourced business processes.

The Business Process Outsourcing, the fastest growing sector in the Philippines, has attracted a lot of Dutch companies to the Philippines mainly because of the country’s pool of highly-skilled English speaking professionals.

OTHERS

Aside from exports and investments, Filipinos are all over the world known for their ability to work hard and excel in various fileds as nurses, caregivers, domestic helpers, seafarers, IT consultants, accountants, architects, engineers, world-class animators and many others.

The Philippines has been supplying for many years manpower services for Holland and for Rotterdam more specifically in the deployment of our sought-after seafarers.

Around 500 Filipino seafarers pass by Rotterdam each day. Hundreds work on borad Dutch Ships, while a number of Filipino residents in the Netherlands have been hired by Norwegian, German, and other European ships. No less than 300 Filipinos men and women are working in production platforms run by American, Norwegian, British, and Dutch Companies in the North Sea.