Flag Netherlands / South Korea Flag

2020
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Exports
: $6.77B, Rnk 14 / 222

2020
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Top Product
: $3.75B, Photo Lab Equipment

2020
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Exports
: $4.69B, Rnk 21 / 218

2020
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Top Product
: $560M, Cars

2020
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Economic Complexity (ECI)
: ECI 1.13, Rnk 22 / 127

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
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GDP
: $914B, CURRENT US$
Rnk 17 / 195

2010-2020
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GDP GROWTH
: 7.95%, CURRENT US$
Rnk 146 / 195

2020
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 GDP
: $1.64T, CURRENT US$
Rnk 10 / 195

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 69 / 195

2020
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GDP PC 
: $52,397, CURRENT US$
Rnk 12 / 195

2010-2020
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GDP PC GROWTH
: 2.84%, CURRENT US$
Rnk 127 / 195

2020
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GDP PC
: $31,631, CURRENT US$
Rnk 32 / 195

2010-2020
Flag
GDP PC GROWTH
: 37%, CURRENT US$
Rnk 45 / 195

Netherlands-South Korea In 2020, Netherlands exported $6.77B to South Korea. The main products that Netherlands exported to South Korea are Photo Lab Equipment ($3.75B), Machinery Having Individual Functions ($580M), and Whey and other milk products ($120M). During the last 25 years the exports of Netherlands to South Korea have increased at an annualized rate of 7.67%, from $1.07B in 1995 to $6.77B in 2020.

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.

South Korea-Netherlands In 2020, South Korea exported $4.69B to Netherlands. The main products that South Korea exported to Netherlands were Cars ($560M), Vaccines, blood, antisera, toxins and cultures ($386M), and Refined Petroleum ($260M). During the last 25 years the exports of South Korea to Netherlands have increased at an annualized rate of 4.67%, from $1.5B in 1995 to $4.69B in 2020.

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.

Comparison In 2020,  Netherlands ranked 22 in the Economic Complexity Index (ECI 1.13), and 6 in total exports ($511B). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Netherlands exported $6.77B to South Korea. The main products exported from Netherlands to South Korea were Photo Lab Equipment ($3.75B), Machinery Having Individual Functions ($580M), and Whey and other milk products ($120M). During the last 25 years the exports of Netherlands to South Korea have increased at an annualized rate of 7.67%, from $1.07B in 1995 to $6.77B in 2020.

In 2020, South Korea exported $4.69B to Netherlands. The main products exported from South Korea to Netherlands were Cars ($560M), Vaccines, blood, antisera, toxins and cultures ($386M), and Refined Petroleum ($260M). During the last 25 years the exports of South Korea to Netherlands have increased at an annualized rate of 4.67%, from $1.5B in 1995 to $4.69B in 2020.

Market Competitiveness

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Measure

Netherlands
Top Destination
: Germany, $105B

South Korea
Top Destination
: China, $131B

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

In 2019, countries that imported more from Netherlands than South Korea were Germany ($105B), Belgium ($56.1B), and France ($43.7B).

In 2019, countries that imported more from South Korea than Netherlands were China ($131B), United States ($75B), and Vietnam ($48B).

Comparative Advantage Netherlands - South Korea

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Flow

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

During 2020, Netherlands had a large net trade with South Korea in the exports of Instruments ($4.1B), Machines ($1.15B), and Chemical Products ($465M).

During 2020, South Korea had a large net trade with Netherlands in the exports of Machines ($2.01B), Chemical Products ($775M), and Transportation ($612M).

Bilateral Service Trade

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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.

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.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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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 South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Netherlands.