Netherlands (NLD) and Spain (ESP) Trade

2022

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Exports $15.1BRnk 7 / 224

2022

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About

Netherlands-Spain Trade: In 2022, Netherlands exported $15.1B to Spain. The main products that Netherlands exported to Spain were Refined Petroleum ($1.46B), Industrial Fatty Acids, Oils and Alcohols ($814M), and Vaccines, blood, antisera, toxins and cultures ($683M). Over the past 5 years the exports of Netherlands to Spain have increased at an annualized rate of 24.5%, from $5.05B in 2017 to $15.1B in 2022.

In 2020, Netherlands exported services to Spain worth $4.33B, with Other business services ($1.5B), Royalties and license fees ($1.02B), and Transportation ($951M) being the largest in terms of value.

Spain-Netherlands Trade: In 2022, Spain exported $10.7B to Netherlands. The main products that Spain exported to Netherlands were Refined Petroleum ($2.3B), Industrial Fatty Acids, Oils and Alcohols ($792M), and Cars ($473M). Over the past 5 years the exports of Spain to Netherlands have increased at an annualized rate of 25.5%, from $3.45B in 2017 to $10.7B in 2022.

In 2020, Spain exported services to Netherlands worth $970M, with Travel ($970M) being the largest in terms of value.

Comparison: In 2022, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Latest Trends

October, 2022

About

Overview In October 2022, Netherlands exported €1.91B and imported €964M from Spain, resulting in a positive trade balance of €946M. Between October 2021 and October 2022 the exports of Netherlands have increased by €322M (20.3%) from €1.59B to €1.91B, while imports increased by €58M (6.4%) from €906M to €964M.

Trade In October 2022, the top exports of Netherlands to Spain were Medicaments (including veterinary medicaments) (€63M), Medicinal and pharmaceutical products, other than... (€57M), Miscellaneous chemical products, n.e.s. (€47M), Automatic data-processing machines and units thereof;... (€46M), and Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€46M). In October 2022 the top imports of Netherlands from Spain were Vegetables, fresh, chilled, frozen or simply... (€94M), Fruit and nuts (not including oil... (€50M), Miscellaneous chemical products, n.e.s. (€45M), Motor cars and other motor vehicles... (€44M), and Women's or girls' coats, capes, jackets,... (€21M).

Growth In October 2022, the increase in Netherlands's year-by-year exports to Spain was explained primarily by an increase in product exports in Medicinal and pharmaceutical products, other than... (€27M or 90%), Automatic data-processing machines and units thereof;... (€20M or 76.9%), and Miscellaneous chemical products, n.e.s. (€18M or 62.1%). In October 2022, the increase in Netherlands's year-by-year imports from Spain was explained primarily by an increase in product imports in Miscellaneous chemical products, n.e.s. (€36M or 400%), Fish, crustaceans, molluscs and other aquatic... (€14M or 467%), and Motor cars and other motor vehicles... (€13M or 41.9%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2021 - October 2022)€322M(20.3%)

IMPORT GROWTH (October 2021 - October 2022)€58M(6.4%)

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 Spain 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 $15.1B to Spain. The main products exported from Netherlands to Spain were Refined Petroleum ($1.46B), Industrial Fatty Acids, Oils and Alcohols ($814M), and Vaccines, blood, antisera, toxins and cultures ($683M). During the last 5 years the exports of Netherlands to Spain have increased at an annualized rate of 24.5%, from $5.05B in 2017 to $15.1B in 2022.

In 2017, Spain exported $10.7B to Netherlands. The main products exported from Spain to Netherlands were Refined Petroleum ($2.3B), Industrial Fatty Acids, Oils and Alcohols ($792M), and Cars ($473M). During the last 22 years the exports of Spain to Netherlands have increased at an annualized rate of 25.5%, from $3.45B in 1995 to $10.7B in 2017.

Exports from Netherlands () to Spain () (2022)

Exports from Spain () to Netherlands () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Netherlands
Top DestinationGermany$131B

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Netherlands than Spain included Germany ($131B), Belgium ($94.3B), and United Kingdom ($38.2B).

In 2022, countries that imported more from Spain than Netherlands included Portugal ($34.9B), Morocco ($12.1B), and France ($65.2B).

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

Comparative Advantage Netherlands - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Netherlands had a large net trade with Spain in the exports of Machines ($4.46B), Chemical Products ($4.34B), and Mineral Products ($1.96B).

During 2017, Spain had a large net trade with Netherlands in the exports of Mineral Products ($3.08B), Chemical Products ($2.62B), and Vegetable Products ($1.65B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Netherlands Spain+$256MRefined Petroleum

Top Product Potential Spain Netherlands+$271MCars

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

Esp Year

Nld Year

In 2020, Spain exported services to Netherlands worth $970M, with Travel ($970M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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

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