Report: Growing Dutch-US economic ties result in 47,700 jobs in Pennsylvania

Building on 400 years of trade relations, relationship keeps growing stronger

WASHINGTON--()--The growing economic ties between the Netherlands and the US resulted in 47,700 jobs in Pennsylvania in 2012, a new digital report by the Royal Netherlands Embassy shows. Pennsylvania ranks third on job markets that profit most from Dutch-American trade relations. The state exported $1.3 billion in goods and services to the Netherlands.

The economic relationship between the Netherlands and the US, which marks its 400-year anniversary this fall, supported 685,000 American jobs in 2012. The Netherlands is a fixture in the top 5 of the largest investors in the US and maintains its place as the number one destination for American foreign investments.

Dutch companies increased their direct investment in the American economy by $35 billion to $275 billion in 2012. In the same year, American companies grew their investment in the Netherlands by $50 billion to $645 billion. And the trade of goods and services between the US and the Netherlands increased $9 billion in 2012 to nearly $90 billion.

Dutch Ambassador Rudolf Bekink will present the new numbers during the first Holland on the Hill Heineken Award ceremony. Dr. Werner Vogels, Chief Technology Officer of Amazon and a native of the Netherlands is the first recipient of the award that celebrates entrepreneurial spirit and lauds contributions to the Dutch-American economic ties.

Texas is again the strongest economic partner of the Netherlands among the 50 states. The state leads the nation with 95,000 jobs supported by Dutch-US trade and investment. It was also the biggest exporter to the Netherlands, sending $9.6 billion in goods and services across the ocean. California came in second, with 58,000 jobs supported by the Dutch American economic ties and $4.3 billion exports to the Netherlands. Readers can navigate the interactive map to see the Dutch economic footprint in virtually every American state and sector.

       

The Top 5 States for Jobs and Exports to the Netherlands

Top 5 Jobs Top 5 Exports to the Netherlands
2012           2012
    billion USD
1. Texas 95,000 1. Texas 9.6
2. California 58,000 2. California 4.3
3. Pennsylvania 48,000 3. Louisiana 3.4
4. Massachusetts 41,000 4. New Jersey 2.1
5. New York     40,000     5. New York     1.5
 

“This report shows again that the relationship between the Netherlands and the US simply works,” said Remco Zeeuw, Minister of the Economic Department of the Royal Netherlands Embassy. “To put the numbers in perspective; the jobs that are supported by our mutual trade and investments, 685,000, are enough to employ all the active members of the US Army. I think that is an amazing number and it shows the strength of the Dutch economy and of Dutch entrepreneurs and investors.”

Ambassador Rudolf Bekink: “Our economic ties are but another example of what binds our two nations together, building upon our shared values of open mindedness, tolerance, freedom of religion and speech, and entrepreneurship.”

The economic ties report also shows a huge Dutch diaspora in the US. More than 4.6 million Americans have Dutch ancestors, with the largest populations Dutch-Americans living in Michigan, California and New York.

Minister Remco Zeeuw is available for interviews to discuss Economic Ties. Media should contact: Carla Bundy, 202-274-2632, cy.bundy@minbuza.nl or Ilse van Overveld, 202-274-2630, ilse-van.overveld@minbuza.nl.

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For more than 400 years, the Netherlands and the United States have been joined by the values of freedom, justice and an entrepreneurial spirit. A vibrant economic force, the Netherlands is a fixture in the top 5 of largest investors in the US and maintains the number one destination for American foreign investments. The Royal Netherlands Embassy, Dutch Consulates General and Honorary Consuls in the U.S. promote strong bilateral relations between the United States and the Netherlands in the areas of peace and stability; international law; energy and climate; water management; international human rights; and creative industries. The Netherlands and the United States: a partnership that works.

More information: www.economicties.org

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Contacts

Royal Netherlands Embassy
Public Diplomacy, Press and Culture Department
Ilse van Overveld
202-274-2630 or (c) 202-413-5020
ilse-van.overveld@minbuza.nl
or
Carla Bundy
202-274-2632 or (c) 202-413-9786
cy.bundy@minbuza.nl
Skype Account: PressOfficerDutchEmbassyDC

Release Summary

Dutch-US Economic Ties Support nearly 48,000 jobs in Pennsylvania

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Contacts

Royal Netherlands Embassy
Public Diplomacy, Press and Culture Department
Ilse van Overveld
202-274-2630 or (c) 202-413-5020
ilse-van.overveld@minbuza.nl
or
Carla Bundy
202-274-2632 or (c) 202-413-9786
cy.bundy@minbuza.nl
Skype Account: PressOfficerDutchEmbassyDC