The exports to Spain consisted chiefly of copper, brass, and latten, wrought and unwrought; tin, lead; much woollen cloth, both Flemish and English; serges, tapestry, linens, flax-thread, wax, pitch, madder, tallow, sulphur, wheat, rye, salted meat and fish, butter, cheese, merceries, silver bullion and wrought, arms, ammunition, furniture, tools; and every thing also, he adds, produced by human industry and labour, to which the lower classes in Spain have an utter aversion. From Spain, Antwerp received jewels, pearls, gold and silver in great quantities; cochineal, sarsaparilla, guiacum, saffron; silk, raw and thrown; silk stuffs, velvets, taffeties, salt, alum, orchil, fine wool, iron, cordovan leather, wines, oils, vinegar, honey, molasses, Arabian gums, soap; fruits, both moist and dried, in vast quantities, and sugar from the Canaries.

The exports to Portugal were silver bullion, quicksilver, vermilion, copper, brass, and latten; lead, tin, arms, artillery and ammunition; gold and silver thread, and most of the other articles sent to Spain. From Portugal, Antwerp received pearls and precious stones, gold, spices, to the value of above a million of crowns annually; drugs, amber, musk, civet, great quantities of ivory, aloes, rhubarb, cotton, China root, (then and even lately much used in medicine,) and many other rare and valuable Indian commodities, with which the greatest part of Europe is supplied from Antwerp; also, sugars from St. Thomas, under the line, and the other islands belonging to the Portuguese on the African coast; Brazil wood, Guinea grains, and other drugs from the west coast of Africa; Madeira sugar and wines. Of the produce of Portugal itself, Antwerp imported salt, wines, oils, woad, seeds, orchil, fruits, &c. &c.

To Barbary, Antwerp exported woollen goods, linen, merceries, metals, &c.; and received from it sugar, azure or anil, gums, coloquintida, leather, peltry, and fine feathers.

From this sketch of the commerce of Antwerp, when it was at its height, we see, that it embraced the whole commerce of the world: and that in it centered all the commodities supplied by Asia, America, Africa, and the south of Europe on the one hand, and England, the Baltic countries, Germany, and France on the other. The account given by Guicciardini is confirmed by Wheeler, who wrote in 1601. He observes, that a little before the troubles in the Low Countries, the people of Antwerp were the greatest traders to Italy in English and other foreign merchandize; and also to Alexandria, Cyprus, and Tripoli in Syria; "beating the Italians, English, and Germans, almost entirely out of that trade, as they also soon did the Germans in the fairs of their own country." He adds, that the Antwerp merchants, being men of immense wealth, and consequently able to supply Spain for the Indies at long credit, set their own prices on their merchandize. Antwerp also supplied Germany, Spain, Portugal, and Eastland with the wares, which France was wont to supply them. He adds, "It is not past eighty years ago, (that would be about 1520,) since there were not, in London, above twelve or sixteen Low Country merchants, who imported only stone pots, brushes, toys for children, and other pedlar's wares; but in less than forty years after, there were, in London, at least one hundred Netherland merchants, who brought thither all the commodities which the merchants of Italy, Germany, Spain, France, and Eastland, (of all which nations there were, before that time, divers famous and notable rich merchants and companies,) used to bring into England out of their own country directly, to the great damage of the said strangers, and of the natural born English merchants."

Guicciardini informs us, that in his time the port of Armuyden, in the island of Walcheren, was the place of rendezvous for the shipping of Antwerp: in it have often been seen 500 large ships lying at one time, bound to, or returning from distant parts of the world. He adds, that it was no uncommon thing for 500 ships to come and go in one day; that 10,000 carts were constantly employed in carrying merchandize to and from the neighbouring countries, besides hundreds of waggons daily coming and going with passengers; and 500 coaches used by people of distinction. In his enumeration of the principal trades, it is curious that there were ninety-two fishmongers, and only seventy-eight butchers; there were 124 goldsmiths, who, it must be recollected, at that time acted as bankers, or rather exchangers of money. The number of houses was 13,500. With respect to the shipping, which, according to this author, were so numerous at the port of Antwerp, comparatively few of them belonged to this city, as most of its commerce was carried on by ships of foreign nations.

This circumstance, of its having but few ships of its own, may be regarded as one cause why, when it was taken and plundered by the Spaniards in the year 1585, it could not recover its former commerce, as the shipping removed with the nations they belonged to. The forts which the Dutch built in the Scheldt were, however, another and a very powerful cause. The trade of Holland rose on the fall of Antwerp, and settled principally at Amsterdam; this city had indeed become considerable after the decline of the Hanseatic confederacy; but was not renowned for its commerce till the destruction of Antwerp. The commerce of Holland was extended and supported by its fisheries, and the manufactures of Flanders and the adjoining provinces, which in their turn received support from its commerce. Guicciardini informs us, that there were in the Netherlands, in time of peace, 700 busses and boats employed in the herring fishery: each made three voyages in the season, and on an average during that period, caught seventy lasts of herring, each last containing twelve barrels of 9OO or 1000 herrings each barrel; the price of a last was usually about 6£. sterling: the total amount of one year's fishery, was about 294,000£. sterling. About sixty years after this time, according to Sir Walter Raleigh, the cod and ling fishery of Friesland, Holland, Zealand, and Flanders, (the provinces included by Guicciardini in the maritime Netherlands) brought in 100,000£. annually: and the salmon-fishing of Holland and Zealand nearly half that sum.

The woollen manufactures of the Netherlands had, about the time that Guicciardini wrote, been rivalled by those of England: yet he says, that, though their wool was very coarse, above 12,000 pieces of cloth were made at each of the following places; Amsterdam, Bois-le-duc, Delft, Haarlem, and Leyden. Woollen manufactures were carried on also at other places, besides taffeties and tapestries. Lisle is particularised by him as next in commercial importance to Antwerp and Amsterdam. Bois-le-duc seems to have been the seat of a great variety of manufactures; for besides woollen cloth, 20,000 pieces of linen, worth, on an average, ten crowns each, were annually made; and likewise great quantities of knives, fine pins, mercery, &c. By the taking of Antwerp, the Spanish or Catholic Netherlands lost their trade and manufactures, great part of which, as we have already observed, settled in the United Provinces, while the remainder passed into England and other foreign countries.

The destruction of the Hanseatic league, which benefited Amsterdam, seems also to have been of service to the other northern provinces of the Netherlands: for in 1510, we are informed by Meursius, in his History of Denmark, there was at one time a fleet of 250 Dutch merchant ships in the Baltic: if this be correct, the Dutch trade to the countries on this sea must have been very great. The circumstance of the Dutch, even before their revolt from Spain, carrying on a great trade, especially to the Baltic, is confirmed by Guicciardini; according to him, about the year 1559, they brought annually from Denmark, Eastland, Livonia, and Poland, 60,000 lasts of grain, chiefly rye, worth 560,000 l. Flemish. They had above 800 ships from 200 to 700 tons burden: fleets of 300 ships arrived twice a year from Dantzic and Livonia at Amsterdam, where there were often seeing lying at the same time 500 vessels, most of them belonging to it. He mentions Veer in Zealand (Campveer) as at that time being the staple port for all the Scotch shipping, and owing its principal commerce to that circumstance.

The destruction of Antwerp brought to Amsterdam, along with other branches of commerce, the valuable trade which the former city had with Portugal for the produce and manufactures of India; these the Dutch merchants resold to all the nations of the north. As soon, however, as Philip II. had obtained possession of the throne of Portugal in 1580, he put a stop to all further commerce between Lisbon and the Dutch. The latter, having tasted the sweets of this commerce, resolved to attempt a direct trade to India. We have already mentioned the voyages of Barentz in search of a north-east passage; these proving unsuccessful, the Dutch began to despair of reaching India, except by the Cape of Good Hope; and this voyage they were afraid to undertake, having, at this time, neither experienced seamen nor persons acquainted with Indian commerce. A circumstance, however, occurred while Barentz was in search of a north-west passage, which determined them to sail to India by the Cape. One Houlman, a Dutchman, who had been in the Portuguese Indian service, but was then confined in Lisbon for debt, proposed to the merchants of Rotterdam, if they could liberate him, to put them in possession of all he knew respecting Indian commerce; his offer was accepted, and four ships were sent to India in 1594 under his command. The adventurers met with much opposition from the Portuguese in India, so that their voyage was not very successful or lucrative: they returned, however, in twenty-nine months with a small quantity of pepper from Java, where they had formed a friendly communication with the natives. The arrival of the Dutch in India,--the subjugation of Portugal by Spain, which circumstance dispirited and weakened the Portuguese, and the greater attention which the Spaniards were disposed to pay to their American than their Indian commerce, seem to have been the causes which produced the ruin of the Portuguese in India, and the establishment of the Dutch.

The Dutch pushed their new commerce with great vigour and zeal. In the year 1600 eight ships entered their ports laden with cinnamon, pepper, cloves, nutmegs, and mace: the pepper they obtained at Java, the other spices at the Moluccas, where they were permitted by the natives, who had driven out the Portuguese, to establish factories.