The value of imports from Brazil in the Netherlands doubled between 1996 and 2001, while Dutch exports to Brazil rose by one third. The trade deficit with Brazil has indeed increased accordingly.
Dutch trade with Brazil
Import value nearly doubled
In 1996 the Netherlands imported 1.3 billion euro worth of goods from Brazil. In 2001 this had nearly doubled to a value of 2.5 billion euro, making Brazil the most important treading partner of the Netherlands in Central and South America. The Netherlands imported 6.5 billion euro worth of goods from Central and South America in 2001; so imports from Brazil account for 39 percent of total imports from this region. The main imported products are food products.
Exports up by a third
With regard to exports, too, Brazil is the most important trading partner for the Netherlands in Central and South America. In 2001 over a quarter of Dutch exports to this region went to Brazil.
Dutch exports to Brazil rose less quickly than imports from this country. While 0.6 billion euro worth of goods were exported to Brazil in 1996, this had risen to 0.8 billion euro in 2001, an increase of 32 percent.