Netherlands (NLD) and Finland (FIN) Trade

2022

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Exports $4.45BRnk 22 / 224

2022

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About

Netherlands-Finland Trade: In 2022, Netherlands exported $4.45B to Finland. The main products that Netherlands exported to Finland were Scrap Iron ($580M), Inedible Fats and Oils ($561M), and Refined Petroleum ($480M). Over the past 5 years the exports of Netherlands to Finland have increased at an annualized rate of 27.6%, from $1.32B in 2017 to $4.45B in 2022.

In 2020, Netherlands exported services to Finland worth $2B, with Transportation ($1.13B), Other business services ($250M), and Royalties and license fees ($244M) being the largest in terms of value.

Finland-Netherlands Trade: In 2022, Finland exported $4.69B to Netherlands. The main products that Finland exported to Netherlands were Large Flat-Rolled Stainless Steel ($1.29B), Refined Petroleum ($803M), and Coal Tar Oil ($320M). Over the past 5 years the exports of Finland to Netherlands have increased at an annualized rate of 21.7%, from $1.76B in 2017 to $4.69B in 2022.

In 2020, Finland exported services to Netherlands worth $869M, with Computer and information services ($318M), Other business services ($258M), and Transportation ($168M) 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Latest Trends

October, 2022

About

Overview In October 2022, Netherlands exported €450M and imported €352M from Finland, resulting in a positive trade balance of €98M. Between October 2021 and October 2022 the exports of Netherlands have decreased by €-14M (-3.02%) from €464M to €450M, while imports decreased by €-26M (-6.88%) from €378M to €352M.

Trade In October 2022, the top exports of Netherlands to Finland were Petroleum oils and oils obtained from... (€52M), Ferrous waste and scrap; remelting scrap... (€37M), Animal or vegetable fats and oils,... (€25M), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€24M), and Fruit and nuts (not including oil... (€8M). In October 2022 the top imports of Netherlands from Finland were Flat-rolled products of alloy steel (€90M), Zinc (€21M), Petroleum oils and oils obtained from... (€16M), Mechanical handling equipment, and parts thereof,... (€15M), and Paper and paperboard (€12M).

Growth In October 2022, the decrease in Netherlands's year-by-year exports to Finland was explained primarily by an decrease in product exports in Ferrous waste and scrap; remelting scrap... (€-10M or -21.3%), Automatic data-processing machines and units thereof;... (€-9M or -52.9%), and Medicaments (including veterinary medicaments) (€-5M or -50%). In October 2022, the decrease in Netherlands's year-by-year imports from Finland was explained primarily by an decrease in product imports in Petroleum oils and oils obtained from... (€-40M or -71.4%), Flat-rolled products of alloy steel (€-19M or -17.4%), and Other organic chemicals (€-9M or -45%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2021 - October 2022)€-14M(-3.02%)

IMPORT GROWTH (October 2021 - October 2022)€-26M(-6.88%)

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 Finland 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 $4.45B to Finland. The main products exported from Netherlands to Finland were Scrap Iron ($580M), Inedible Fats and Oils ($561M), and Refined Petroleum ($480M). During the last 5 years the exports of Netherlands to Finland have increased at an annualized rate of 27.6%, from $1.32B in 2017 to $4.45B in 2022.

In 2017, Finland exported $4.69B to Netherlands. The main products exported from Finland to Netherlands were Large Flat-Rolled Stainless Steel ($1.29B), Refined Petroleum ($803M), and Coal Tar Oil ($320M). During the last 22 years the exports of Finland to Netherlands have increased at an annualized rate of 21.7%, from $1.76B in 1995 to $4.69B in 2017.

Exports from Netherlands () to Finland () (2022)

Exports from Finland () to Netherlands () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Netherlands
Top DestinationGermany$131B

Finland
Top DestinationGermany$9.99B

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

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

In 2022, countries that imported more from Finland than Netherlands included Estonia ($3.58B), Antigua and Barbuda ($50M), and Cambodia ($66.2M).

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

Comparative Advantage Netherlands - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Netherlands had a large net trade with Finland in the exports of Machines ($1.24B), Metals ($872M), and Mineral Products ($623M).

During 2017, Finland had a large net trade with Netherlands in the exports of Metals ($1.93B), Mineral Products ($1.17B), and Machines ($1.1B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Netherlands Finland+$79.4MRefined Petroleum

Top Product Potential Finland Netherlands+$61.5MRefined 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

Fin Year

Nld Year

In 2020, Netherlands exported services to Finland worth $2B, with Transportation ($1.13B), Other business services ($250M), and Royalties and license fees ($244M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Finland () 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 Finland. This means that a dot/product with the flag of Netherlands indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Netherlands.

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

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