Netherlands: trade surplus of 6.8 billion made by vampirizing other EU countries
There are countries that are seeing its trade surplus explode in the midst of the crisis of the European economy, and we are not talking about Russia, but about countries that are part of the EU and that, at least in theory, stand as bulwarks of Europeanism.
The Netherlands' trade surplus increased to € 6.8 billion in July 2022 from € 5.4 billion in the same month last year, thanks to still solid global demand. Exports increased by 22.2% on an annual basis, reaching 59.5 billion euros, thanks to the increase in shipments both from EU countries (24.8%) and from non-European countries (17.5%) , above all thanks to the sales of mineral fuels, lubricants (126.2%), various manufactured goods (10.0%) and chemical products (10.4%). In the meantime, arrivals grew by 21.9% on an annual basis, reaching 52.8 billion euros, with an increase in purchases both for the EU (14.3%) and for non-EU countries (29 , 1%). Considering the first seven months of the year, the trade surplus was reduced to 38.8 billion euros from 39.9 billion in the same period of 2021. Here is a relative graph
An important part of Dutch exports is made up of natural gas from national and North Sea fields, as well as from national regasifiers. After a minimum in 2020 in which it exported 39 billion cubic meters, this figure already increased to 43 billion cubic meters in 2021 and, with current prices and the further push for extraction, it is still increasing. It is a necessary raw material, but with which the Netherlands enrich themselves by vampirizing resources to other European countries, Germany and Belgium in the first place, but also to Italy.
Recently there has been controversy because the Dutch government has blown up the European summit by opposing a reform of the FTT and of the methods of fixing gas at European level. This is an obvious position given the benefits it gains from the current crisis, albeit by vampirizing other European countries in the name of solidarity and the market.
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The article Netherlands: trade surplus of 6.8 billion made by vampirizing other EU countries comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/paesi-bassi-surplus-commerciale-a-68-miliardi-fatto-vampirizzando-gli-altri-paesi-ue/ on Mon, 12 Sep 2022 08:00:38 +0000.