United Kingdom (GBR) and Netherlands (NLD) Trade

2022

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Exports $27BRnk 2 / 224

2022

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About

United Kingdom-Netherlands Trade: In 2022, United Kingdom exported $27B to Netherlands. The main products that United Kingdom exported to Netherlands were Crude Petroleum ($9.89B), Petroleum Gas ($4B), and Refined Petroleum ($3.56B). Over the past 5 years the exports of United Kingdom to Netherlands have increased at an annualized rate of 8.68%, from $17.8B in 2017 to $27B in 2022.

In 2019, United Kingdom exported services to Netherlands worth $17.3B, with Other business services ($7.18B), Financial services ($4.94B), and Travel ($1.9B) being the largest in terms of value.

Netherlands-United Kingdom Trade: In 2022, Netherlands exported $47.7B to United Kingdom. The main products that Netherlands exported to United Kingdom were Refined Petroleum ($4.26B), Broadcasting Equipment ($1.52B), and Medical Instruments ($1.21B). Over the past 5 years the exports of Netherlands to United Kingdom have increased at an annualized rate of 23.7%, from $16.5B in 2017 to $47.7B in 2022.

In 2020, Netherlands exported services to United Kingdom worth $25.2B, with Other business services ($8.52B), Transportation ($4.81B), and Computer and information services ($4.55B) being the largest in terms of value.

Comparison: In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B).

Latest Trends

April, 2024

About

Overview In April 2024, United Kingdom exported £2.48B and imported £3.99B from Netherlands, resulting in a negative trade balance of £1.51B. Between April 2023 and April 2024 the exports of United Kingdom have decreased by £-98.5M (-3.82%) from £2.58B to £2.48B, while imports decreased by £-83M (-2.04%) from £4.07B to £3.99B.

Trade In April 2024, the top exports of United Kingdom to Netherlands were Crude Petroleum (£705M), Refined Petroleum (£249M), Petroleum Gas (£80.9M), Coal Tar Oil (£69M), and Packaged Medicaments (£56.2M). In April 2024 the top imports of United Kingdom from Netherlands were Refined Petroleum (£327M), Telephones (£191M), Computers (£187M), Biodiesel and mixtures thereof (£174M), and Packaged Medicaments (£139M).

Origins In April 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£492M), Immingham (£363M), Lerwick (£139M), Grangemouth (£125M), and Hound Point Terminal (£101M), while imports destinations were mainly Immingham (£603M), Eurotunnel (£360M), London (£317M), Harwich (£298M), and Felixstowe (£285M).

Growth In April 2024, the decrease in United Kingdom's year-by-year exports to Netherlands was explained primarily by an decrease in product exports in Gas Turbines (£-133M or -72.8%), Other Vinyl Polymers (£-6.57M or -91.3%), and Flat Flat-Rolled Steel (£-6.41M or -62.1%). In April 2024, the decrease in United Kingdom's year-by-year imports from Netherlands was explained primarily by an decrease in product imports in Petroleum Gas (£-58.9M or -86.9%), Bandages (£-51.7M or -90.8%), and Packaged Medicaments (£-39.2M or -22%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)£-98.5M(-3.82%)

IMPORT GROWTH (April 2023 - April 2024)£-83M(-2.04%)

MAIN EXPORTER (April 2024)Dover Eurotunnel£492M

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

To check Netherlands and United Kingdom 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, United Kingdom exported $27B to Netherlands. The main products exported from United Kingdom to Netherlands were Crude Petroleum ($9.89B), Petroleum Gas ($4B), and Refined Petroleum ($3.56B). During the last 5 years the exports of United Kingdom to Netherlands have increased at an annualized rate of 8.68%, from $17.8B in 2017 to $27B in 2022.

In 2017, Netherlands exported $47.7B to United Kingdom. The main products exported from Netherlands to United Kingdom were Refined Petroleum ($4.26B), Broadcasting Equipment ($1.52B), and Medical Instruments ($1.21B). During the last 22 years the exports of Netherlands to United Kingdom have increased at an annualized rate of 23.7%, from $16.5B in 1995 to $47.7B in 2017.

Exports from United Kingdom () to Netherlands () (2022)

Exports from Netherlands () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Netherlands
Top DestinationGermany$131B

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

In 2022, countries that imported more from United Kingdom than Netherlands included United States ($61.8B), Ireland ($32.6B), and China ($35.4B).

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

Difference in imports from Netherlands () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Netherlands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Netherlands in the exports of Mineral Products ($19B), Machines ($6.32B), and Chemical Products ($5.04B).

During 2017, Netherlands had a large net trade with United Kingdom in the exports of Machines ($7.3B), Mineral Products ($6.09B), and Chemical Products ($4.4B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United Kingdom Netherlands+$462MRefined Petroleum

Top Product Potential Netherlands United Kingdom+$683MRefined Petroleum

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

Gbr Year

In 2019, United Kingdom exported services to Netherlands worth $17.3B, with Other business services ($7.18B), Financial services ($4.94B), and Travel ($1.9B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to Netherlands () (2019)

Services Exports from Netherlands () to United Kingdom () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United Kingdom () and Netherlands () (2022)

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