Port of Rotterdam adds €34 billion to Dutch product export value
Dutch seaports are an important gateway to the world for products made in the Netherlands. In addition to their established economic value, they make a major contribution to Dutch export earnings. Ports in the Rhine and Meuse estuary region contribute some €34 billion to the export value of Dutch products. The port of Rotterdam represents the largest part of this value.
This is clear from a report on the economic importance of Dutch seaports. The study – which was conducted by Statistics Netherlands (CBS) and the Erasmus Center for Urban, Port and Transport Economics (Erasmus UPT) – confirms the considerable economic value of the Port of Rotterdam in terms of employment, income domestic and transport of Dutch exports to the world market.
Study of the economic value of Dutch seaports
The study was commissioned by the Ministry of Infrastructure and Water Management, the Knowledge Institute for Mobility Policy and the Sea Ports Branch Organization.
Three studies were published at the end of 2021 on the various indicators of the economic importance of the seaports of our country: the port monitor, the maritime monitor and the river monitor. The newly released report builds on existing information and studies and adds new research questions. This is the first time that research has been conducted on the role ports play in facilitating the export of Dutch products.
Martijn Streng, Senior Advisor for Erasmus UPT: “This economic review has allowed us to make more comprehensive and in-depth calculations that build on, among other things, previous Erasmus UPT research (the Rotterdam effect of 2018). Thus, in this study, we have calculated the broader value of seaports for the Dutch economy. The sum total of all direct and indirect values for the region of the Rhine and Meuse estuary – value of industrial activities, logistics processes and trade flows, for example – amounts to around 63 billion euros and 565,000 jobs. The port of Rotterdam represents the largest part of it.
Port of Rotterdam impact
Allard Castelein, CEO of the Port Authority of Rotterdam: “The success of our port is measured not only by the number of tonnes transported, but also by the impact we have on jobs, incomes and prosperity, in the Netherlands and beyond. This report not only shows that the Port of Rotterdam adds value in terms of jobs and income for the Netherlands, it also highlights how we, as a port, add value to bring Dutch exports to the global market in an efficient and prominent way. In this way, we strengthen the economic importance of the Netherlands and the competitiveness of the Dutch economy.
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/27012022/rotterdam-port-adds-34-billion-to-export-value-of-dutch-products/