Over €1 billion secured in sustainable exports
AMSTERDAM, July 2, 2024 - Atradius Dutch State Business - the export credit insurer on behalf of the Dutch government - insured over 1.1 billion euros in sustainable exports in 2023.
More than half of the publicly insured export credits benefited Dutch small and medium-sized enterprises. Claims paid by Atradius Dutch State Business were higher than in 2022, rising to EUR 119 million.
- Shrinkage of fossil portfolio due to new exclusion policy
- 2.4 billion euros in new policies, half to SMEs and sustainable exports
- Claims payments rise to 119 million euros
- Latin America is region with highest volume
Machinery for food processing and agriculture, solar panels in Africa or medical equipment in South America. Dutch exporters of capital goods and exporters of international contractors submitted 242 applications to Atradius Dutch State Business in 2023. On this basis, 135 policies and 160 promises of cover were issued with an underlying value of over EUR 5 billion compared to EUR 4.8 billion in 2022. Most of the exports insured by the State went to Latin America, followed by Europe and Africa.
“We were able to make a lot of exports possible in a turbulent year that otherwise could not have gone ahead. That is something to be proud of. Together with creative and persistent entrepreneurs and the Dutch public-private trade network, we are thus creating a piece of security.”
“The Netherlands has many SME entrepreneurs with innovative solutions that meet a great need worldwide. I am pleased that these entrepreneurs know how to find their way to us and that we can contribute with our financing solutions to the internationalization of distinctive Dutch technology” says Stephan Naber, Head of SME Underwriting & Business Development of Atradius Dutch State Business.
Ever stronger focus on sustainability in SME exports
Half of the transactions in 2023 related to relatively small export deals of SMEs with an average value of EUR 1.5 million. The green ECI portfolio also showed another increase and Atradius DSB's new exclusion policy resulted in a lower share of fossil transactions. By 2023, 68 policies worth EUR 1.1 billion were green-labeled; this is more than a third of the total number of policies issued. Green cover, the Climate Investor funds and the Green Shipping Fund additionally contributed another half billion euros in green capital with an export component.
About Atradius Dutch State Business
Atradius DSB is the Dutch Export Credit Agency. On behalf of the government, Atradius DSB offers exporters of capital goods, internationally operating contracting companies, banks and investors various insurances and guarantees to provide security in international business. Atradius DSB is part of Atradius N.V., one of the world's largest credit insurers and market leader in the Netherlands.
Contact
For more information about this publication, please contact our communications manager, Nahuel Mercedes at nahuel.mercedes@atradius.com or on +31 (0) 6 13977018.
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