Netherlands (NLD) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Netherlands-Belgium In 2022, Netherlands exported $94.3B to Belgium. The main products that Netherlands exported to Belgium are Crude Petroleum ($14.5B), Refined Petroleum ($10B), and Petroleum Gas ($7.74B). During the last 23 years the exports of Netherlands to Belgium have increased at an annualized rate of 6.4%, from $22.6B in 1999 to $94.3B in 2022.

In 2020, Netherlands exported services to Belgium worth $11.6B, with Other business services ($4.31B), Transportation ($3.09B), and Travel ($1.18B) being the largest in terms of value.

Belgium-Netherlands In 2022, Belgium exported $65.7B to Netherlands. The main products that Belgium exported to Netherlands were Petroleum Gas ($13.1B), Refined Petroleum ($6.84B), and Packaged Medicaments ($2.08B). During the last 23 years the exports of Belgium to Netherlands have increased at an annualized rate of 5.13%, from $20.8B in 1999 to $65.7B in 2022.

In 2020, Belgium exported services to Netherlands worth $16.5B, with Other business services ($6.29B), Transportation ($4.55B), and Travel ($1.79B) being the largest in terms of value.

Comparison In 2022, Netherlands ranked 20 in the Economic Complexity Index (ECI 1.1), and 6 in total exports ($674B). That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B).

Latest Trends

October, 2022

About

Overview In October 2022, Netherlands exported €6B and imported €5.7B from Belgium, resulting in a positive trade balance of €302M. Between October 2021 and October 2022 the exports of Netherlands have increased by €870M (17%) from €5.13B to €6B, while imports increased by €1.09B (23.6%) from €4.61B to €5.7B.

Trade In October 2022, the top exports of Netherlands to Belgium were Petroleum oils and oils obtained from... (€431M), Hydrocarbons, n.e.s., and their halogenated, sulphonated,... (€172M), Miscellaneous chemical products, n.e.s. (€166M), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€116M), and Feeding stuff for animals (not including... (€99M). In October 2022 the top imports of Netherlands from Belgium were Petroleum oils and oils obtained from... (€403M), Motor cars and other motor vehicles... (€167M), Parts and accessories of the motor... (€108M), Miscellaneous chemical products, n.e.s. (€85M), and Hydrocarbons, n.e.s., and their halogenated, sulphonated,... (€70M).

Growth In October 2022, the increase in Netherlands's year-by-year exports to Belgium was explained primarily by an increase in product exports in Miscellaneous chemical products, n.e.s. (€56M or 50.9%), Thermionic, cold cathode or photo-cathode valves... (€24M or 120%), and Hydrocarbons, n.e.s., and their halogenated, sulphonated,... (€23M or 15.4%). In October 2022, the increase in Netherlands's year-by-year imports from Belgium was explained primarily by an increase in product imports in Motor cars and other motor vehicles... (€45M or 36.9%), Alcohols, phenols, phenol-alcohols, and their halogenated,... (€12M or 34.3%), and Medicinal and pharmaceutical products, other than... (€11M or 21.2%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2021 - October 2022)€870M(17%)

IMPORT GROWTH (October 2021 - October 2022)€1.09B(23.6%)

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

To check Belgium and Netherlands 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, Netherlands exported $94.3B to Belgium. The main products exported from Netherlands to Belgium were Crude Petroleum ($14.5B), Refined Petroleum ($10B), and Petroleum Gas ($7.74B). During the last 23 years the exports of Netherlands to Belgium have increased at an annualized rate of 6.4%, from $22.6B in 1999 to $94.3B in 2022.

In 2022, Belgium exported $65.7B to Netherlands. The main products exported from Belgium to Netherlands were Petroleum Gas ($13.1B), Refined Petroleum ($6.84B), and Packaged Medicaments ($2.08B). During the last 23 years the exports of Belgium to Netherlands have increased at an annualized rate of 5.13%, from $20.8B in 1999 to $65.7B in 2022.

Exports from Netherlands () to Belgium () (2022)

Exports from Belgium () to Netherlands () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Netherlands
Top DestinationGermany$131B

Belgium
Top DestinationGermany$91.9B

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

In 2021, countries that imported more from Netherlands than Belgium were Germany ($131B), United Kingdom ($38.2B), and Chinese Taipei ($16B).

In 2021, countries that imported more from Belgium than Netherlands were France ($71.1B), Luxembourg ($7.67B), and Japan ($8.82B).

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

Comparative Advantage Netherlands - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Netherlands had a large net trade with Belgium in the exports of Mineral Products ($37.2B), Chemical Products ($12.4B), and Machines ($9.36B).

During 2022, Belgium had a large net trade with Netherlands in the exports of Mineral Products ($23.3B), Chemical Products ($9.58B), and Foodstuffs ($4.83B).

Service Trade

Bilateral Service Trade

Bel Year

Nld Year

In 2020, Netherlands exported services to Belgium worth $11.6B, with Other business services ($4.31B), Transportation ($3.09B), and Travel ($1.18B) being the largest in terms of value.

In 2020, Belgium exported services to Netherlands worth $16.5B, with Other business services ($6.29B), Transportation ($4.55B), and Travel ($1.79B) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Netherlands has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Netherlands.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Netherlands () to Belgium () (2022)

Exports from Belgium () to Netherlands () (2022)

Market Competitiveness

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

Comparative Advantage Netherlands - Belgium

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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