Imports of goods from China also increased 8.3 billion euros (21 percent) compared to 2020. Merchandise imports from China have grown at an average annual rate of 8.7 percent since 2015, while total merchandise imports grew by an average of 5.5 percent annually. This means that China has become increasingly important for Dutch goods imports. In 2015, China’s share of total goods imports was still 8.2 percent, by 2021 it had risen to 9.9 percent. Only from Germany was the import value of goods in 2021 higher than from China.
Imports for re-export dominated by high-tech products
Almost two thirds of the goods imported from China in 2021, the Netherlands left largely unchanged as re-exports (31.8 billion Euro). This re-export consists of raw materials and semi-finished products, but primarily high-tech end products such as computers (3.5 billion euros), phones (3.4 billion), monitors (1.9 billion), and microchips and semiconductors (1.9 billion). In 2021, imports for re-export of Chinese goods grew by 6.7 billion euros compared to 2020. This strong increase consisted, among other things, of a growth of 902 million imported phones to the value of euros, 614 million euros in semiconductors and microchips, and 312 million computers to the value of euros.
The import of goods from China to the Dutch market amounted to 16.2 billion euros in 2021. These goods are partly further processed by Dutch companies. The second part accounts directly for household consumption, public expenditure and business investment and constituted 7.6 billion euro in 2021. In 2020 it was still 6.9 billion Euro. These imports consist mainly of finished goods such as consumer goods and capital goods and are dominated by computers (1.5 billion euros), phones (881 million euro) and furniture (718 million Euro).
Imports for further processing grew the fastest
In 2021, the import of goods from China for further processing by Dutch companies 8.5 billion Euro. In 2020, it still was 7.6 billion Euro. In 2021, this import increased by no less than 934 million euros (12.4 percent). This part of the import of goods from China thus constituted 4.9 percent of the total import of goods for further processing. In 2015, it was still 3.8 percent.
Of 8.5 billion Imports from China to the value of euros ended up for further processing 4.5 billion euros in products and services sold on the domestic market. the rest 4 billion euros were incorporated into exported goods and services. The main product categories of these raw and semi-finished imports were: computers and computer components (589 million euro), lighting devices and related parts (217 million euro), and electrical transformers and converters (299 million Euro).
The telecommunications sector is mostly dependent on Chinese imports
The industry with the greatest import dependence on China is the telecommunications sector, where nearly 26 percent of imported goods came from China. In IT and information services it was over 20 percent, and in financial services almost 15 percent. In absolute terms, construction imports include 1.7 billion euros mostly from China, followed by the machine industry with 613 million euros, and business services with 531 million Euro.
|IT and information services||20.1||19.2|
|Wholesale and trade brokerage||12.4||11.5|
|Retail (not in cars)||12.3||11.4|
|Other industry and repair||11.9||8.3|
|Electrical appliances industry||11.6||11.9|