Netherlands export of Aluminium wires during 2018-20 demonstrates enterprising market

The COVID-19 outbreak disruption is weighing on the Netherlands' economy and the sovereign's fiscal position. GDP contracted 8.5% QoQ in Q2’20, after a 1.5% contraction in Q1’20. Although the economic fallout is historically very large, it is less severe than the euro zone-wide quarterly contraction of 12.1% and 3.6% in Q2’20 and Q1’20, respectively given the economy's flexibility and swift policy action.

The northwestern European nation’s export of aluminium wires during 2018-19 was recorded at 106,430 tonnes and the revenue generated by the export accounted was $218.36 million. The export for 2020 is set to stand at 60,252 tonnes and the earning to remain at $116.20 million. However, when the 2020 export volume and earnings get assorted with the previous two years, it denotes 166,682 tonnes and $334.56 million respectively.

Netherlands export of aluminium wires in 2018 stood at 47,795 tonnes and the earnings remained at $99.69 million, whereas in 2019, the export volume rose to 58,635 tonnes, a growth by 22.68% and the earning climbed to $118.67 million.

The export for 2020 has been marked with growth by 2.75%, as the export volume to remain at 60,252 tonnes while earning to drop at $116.20 million.

The major trading destinations for Netherlands export of aluminium wires are Argentina, Armenia, Austria, Azerbaijan, Bahrain, Bosnia Herzegovina, Belarus, Belgium, Canada, Czech Rep., etc.