Canada (CAN) and Netherlands (NLD) Trade

2022

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Exports $4.94BRnk 7 / 215

2022

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About

Canada-Netherlands Trade: In 2022, Canada exported $4.94B to Netherlands. The main products that Canada exported to Netherlands were Iron Ore ($799M), Packaged Medicaments ($604M), and Radioactive Chemicals ($349M). Over the past 5 years the exports of Canada to Netherlands have increased at an annualized rate of 15.2%, from $2.43B in 2017 to $4.94B in 2022.

In 2020, Canada exported services to Netherlands worth $570M, with Transportation ($202M), Computer and information services ($114M), and Royalties and license fees ($74.6M) being the largest in terms of value.

Netherlands-Canada Trade: In 2022, Netherlands exported $4.56B to Canada. The main products that Netherlands exported to Canada were Refined Petroleum ($1.89B), Vaccines, blood, antisera, toxins and cultures ($182M), and Packaged Medicaments ($132M). Over the past 5 years the exports of Netherlands to Canada have increased at an annualized rate of 7.12%, from $3.23B in 2017 to $4.56B in 2022.

In 2020, Netherlands exported services to Canada worth $3.07B, with Royalties and license fees ($1.08B), Other business services ($855M), and Computer and information services ($535M) being the largest in terms of value.

Comparison: In 2022, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$636M and imported C$506M from Netherlands, resulting in a positive trade balance of C$130M. Between August 2023 and August 2024 the exports of Canada have increased by C$31.4M (5.19%) from C$605M to C$636M, while imports increased by C$43.7M (9.47%) from C$462M to C$506M.

Trade In August 2024, the top exports of Canada to Netherlands were Coal Briquettes (C$97.7M), Raw Nickel (C$65.6M), Crude Petroleum (C$57.2M), Iron Ore (C$54.3M), and Integrated Circuits (C$35.6M). In August 2024 the top imports of Canada from Netherlands were Refined Petroleum (C$137M), Machinery Having Individual Functions (C$11.6M), Other Agricultural Machinery (C$8.62M), Beer (C$7.76M), and Fork-Lifts (C$7.75M).

Origins In August 2024 the exports of Canada were mainly from Newfoundland Labrador (C$225M), Nunavut (C$126M), Ontario (C$93.8M), Quebec (C$62.8M), and Saskatchewan (C$42.6M), while imports destinations were mainly Quebec (C$269M), Ontario (C$135M), Nova Scotia (C$37.7M), British Columbia (C$20.9M), and New Brunswick (C$17.1M).

Growth In August 2024, the increase in Canada's year-by-year exports to Netherlands was explained primarily by an increase in product exports in Coal Briquettes (C$73.1M or 297%), Raw Nickel (C$48.6M or 285%), and Integrated Circuits (C$20.2M or 131%). In August 2024, the increase in Canada's year-by-year imports from Netherlands was explained primarily by an increase in product imports in Refined Petroleum (C$108M or 383%), Machinery Having Individual Functions (C$5.76M or 99.4%), and Washing and Bottling Machines (C$3.94M or 137%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)C$31.4M(5.19%)

IMPORT GROWTH (August 2023 - August 2024)C$43.7M(9.47%)

MAIN EXPORTER (August 2024)Newfoundland LabradorC$225M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Netherlands and Canada trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Canada exported $4.94B to Netherlands. The main products exported from Canada to Netherlands were Iron Ore ($799M), Packaged Medicaments ($604M), and Radioactive Chemicals ($349M). During the last 5 years the exports of Canada to Netherlands have increased at an annualized rate of 15.2%, from $2.43B in 2017 to $4.94B in 2022.

In 2017, Netherlands exported $4.56B to Canada. The main products exported from Netherlands to Canada were Refined Petroleum ($1.89B), Vaccines, blood, antisera, toxins and cultures ($182M), and Packaged Medicaments ($132M). During the last 5 years the exports of Netherlands to Canada have increased at an annualized rate of 7.12%, from $3.23B in 2022 to $4.56B in 2017.

Exports from Canada () to Netherlands () (2022)

Exports from Netherlands () to Canada () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Canada
Top DestinationUnited States$438B

Netherlands
Top DestinationGermany$131B

This map shows whether countries import more from Canada or Netherlands. Each country is colored based on the difference in imports they receive from Canada and Netherlands or the difference in the growth in imports.

In 2022, countries that imported more from Canada than Netherlands included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Netherlands than Canada included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

Difference in imports from Netherlands () and Canada () (2022)

Comparative Advantage Canada - Netherlands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Canada and Netherlands by product, considering products traded by both, Canada and Netherlands.

During 2022, Canada had a large net trade with Netherlands in the exports of Mineral Products ($1.53B), Chemical Products ($1.2B), and Metals ($604M).

During 2017, Netherlands had a large net trade with Canada in the exports of Mineral Products ($1.97B), Machines ($713M), and Chemical Products ($555M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Canada Netherlands+$405MCrude Petroleum

Top Product Potential Netherlands Canada+$88.3MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Nld Year

Can Year

Service trade data is presented based on availability.

Services Exports from Canada () to Netherlands () (2020)

Services Exports from Netherlands () to Canada () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Canada and Netherlands. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Netherlands. Similarly, a dot/product with the flag of Netherlands indicates it has a comparative advantage over Canada.

Product Space of Canada () and Netherlands () (2022)

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