WASHINGTON--(BUSINESS WIRE)--Economic ties between the Netherlands and California remain strong. Trade and investment between the Netherlands and California support an estimated 78,000 jobs. The Netherlands Embassy released the news on the occasion of Dutch Prime Minister Mark Rutte’s first official visit with President Donald Trump.
“These fantastic numbers showcase the strong friendship between California and the Netherlands. We’re both leaders in innovation, have an outward look, and are home to world-famous companies. I’m looking forward to strengthening this already strong trade partnership with the fifth largest economy in the world even more, especially on other important topics, such as climate change, water management, and e-mobility,” said Gerbert Kunst, Consul General of the Kingdom of the Netherlands in San Francisco.
Earlier this year, a trade delegation from the Netherlands visited California to deepen the economic ties related to agtech. The delegation traveled from Los Angeles to San Francisco, with visits to San Luis Obispo and the Salinas Valley Agtech Summit along the way.
At the national level, trade and investment between the Netherlands and the United States support an estimated 825,000 American jobs in 2018. This number represents an increase of more than 10 percent over the last five years.
Through the centuries, the Netherlands and US economic partnership has created jobs, sound investments, and promising opportunities. The Netherlands is a fixture in the top five of the largest foreign investors in the United States, and maintains its place as the No. 1 destination for American investments. The US has a $30 billion trade surplus with the Netherlands, as it exports $59.3 billion to the Netherlands and imports $29 billion from the Netherlands. Top US exporters to the Netherlands include Texas, California, Louisiana, Illinois and Washington.
The Top 3 States for Jobs
Merchandise exports to the Netherlands
Foreign direct investment
|1. Texas||80,000||$7 billion||$10 billion|
|2. California||78,000||$5.8 billion||$3.4 billion|
|3. Pennsylvania||53,000||$1.5 billion||$3.9 billion|
These new job numbers consist of two parts: direct jobs at Dutch enterprises active in the United States, and jobs supported by the export of goods and services to the Netherlands. Read about the methodology of the new projections and find a breakdown of the job figures for individual US states on the embassy’s website, NLintheUSA.com.
The Netherlands is a trading nation that continues to blossom from a culture of innovation and entrepreneurship, and that is rooted in the strong beliefs of security, freedom and justice. For more than 400 years, the Netherlands and the United States have shared a deep bond founded on shared values and history. Our economic ties have created jobs, sound investments, and promising opportunities on both sides of the Atlantic. Simply said, the Netherlands and the US have a partnership that works.
The Netherlands diplomatic network in the US promotes strong bilateral relations between the United States and the Netherlands, especially in the areas of agrifood and horticulture, water management, sustainable urban planning, peace and justice, and creative industries. Read more on www.nlintheusa.com and follow us @NLintheUSA.