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Pricing

2022
Flag → Flag
Exports $8.07BRnk 19 / 220
2022
Flag → Flag
Top Product $2.01BRefined Petroleum
2022
Flag → Flag
Exports $9.11BRnk 14 / 224
2022
Flag → Flag
Top Product $5.69BMachinery Having Individual Functions
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 125 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186

About

South Korea-Netherlands Trade: In 2022, South Korea exported $8.07B to Netherlands. The main products that South Korea exported to Netherlands were Refined Petroleum ($2.01B), Blank Audio Media ($576M), and Cars ($541M). Over the past 5 years the exports of South Korea to Netherlands have increased at an annualized rate of 11.6%, from $4.67B in 2017 to $8.07B in 2022.

In 2005, South Korea exported services to Netherlands worth $444M, with Transportation ($249M), Other business services ($106M), and Services not allocated ($56.6M) being the largest in terms of value.

Netherlands-South Korea Trade: In 2022, Netherlands exported $9.11B to South Korea. The main products that Netherlands exported to South Korea were Machinery Having Individual Functions ($5.69B), Radioactive Chemicals ($245M), and Pig Meat ($199M). Over the past 5 years the exports of Netherlands to South Korea have increased at an annualized rate of 7.39%,  from $6.38B in 2017 to $9.11B in 2022.

In 2020, Netherlands exported services to South Korea worth $750M, with Computer and information services ($270M), Other business services ($199M), and Transportation ($172M) being the largest in terms of value.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B).

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $620M and imported $1.18B from Netherlands, resulting in a negative trade balance of $559M. Between September 2023 and September 2024 the exports of South Korea have increased by $55.4M (9.82%) from $564M to $620M, while imports increased by $377M (47%) from $802M to $1.18B.

Trade In September 2024, the top exports of South Korea to Netherlands were Machinery, mechanical appliances, & parts ($91.5M), Cars, tractors, trucks & parts thereof. ($73.3M), Electrical machinery and electronics ($53.7M), Iron & steel ($51.5M), and Plastics & articles thereof ($38.8M). In September 2024 the top imports of South Korea from Netherlands were Machinery, mechanical appliances, & parts ($289M), Inorganic chemicals ($50.8M), Optical, photo, & film equipment; medical... ($34.1M), Edible products of animal origin, n.e.s. ($24.2M), and Cars, tractors, trucks & parts thereof. ($18.3M).

Growth In September 2024, the increase in South Korea's year-by-year exports to Netherlands was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($22.6M or 44.6%), Nickel articles ($11.9M or 5.23k%), and Pharmaceutical products ($5.11M or 207%). In September 2024, the increase in South Korea's year-by-year imports  from Netherlands was explained primarily by an increase in product imports  in Inorganic chemicals ($49M or 2.75k%), Edible products of animal origin, n.e.s. ($6.69M or 38.2%), and Optical, photo, & film equipment; medical... ($6.51M or 23.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$55.4M(9.82%)
IMPORT GROWTH (September 2023 - September 2024)$377M(47%)

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

To check Netherlands and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Netherlands and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $8.07B to Netherlands. The main products exported from South Korea to Netherlands were Refined Petroleum ($2.01B), Blank Audio Media ($576M), and Cars ($541M). During the last 5 years the exports of South Korea to Netherlands have increased at an annualized rate of 11.6%, from $4.67B in 2017 to $8.07B in 2022.

In 2017, Netherlands exported $9.11B to South Korea. The main products exported from Netherlands to South Korea were Machinery Having Individual Functions ($5.69B), Radioactive Chemicals ($245M), and Pig Meat ($199M). During the last 5 years the exports of Netherlands to South Korea have increased at an annualized rate of 7.39%, from $6.38B in 2022 to $9.11B in 2017.

Exports from South Korea (Flag) to Netherlands (Flag) (2022)

Exports from Netherlands (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Netherlands
Top DestinationGermany$131B

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

In 2022, countries that imported more from South Korea than Netherlands included China ($150B), United States ($112B), and Vietnam ($60.7B).

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

Difference in imports from Netherlands (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Netherlands

Flow
Scale

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

During 2022, South Korea had a large net trade with Netherlands in the exports of Machines ($2.76B), Mineral Products ($2.04B), and Chemical Products ($886M).

During 2017, Netherlands had a large net trade with South Korea in the exports of Machines ($6.36B), Chemical Products ($780M), and Animal Products ($497M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Netherlands+$276MRefined Petroleum
Top Product Potential Netherlands South Korea+$225MRefined 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

In 2005, South Korea exported services to Netherlands worth $444M, with Transportation ($249M), Other business services ($106M), and Services not allocated ($56.6M) being the largest in terms of value.

In 2020, Netherlands exported services to South Korea worth $750M, with Computer and information services ($270M), Other business services ($199M), and Transportation ($172M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Netherlands (Flag) (2005)

Services Exports from Netherlands (Flag) to South Korea (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Netherlands (Flag) (2022)

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