Netherlands (NLD) and Portugal (PRT) Trade

2022

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Exports $4.2BRnk 23 / 224

2022

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About

Netherlands-Portugal Trade: In 2022, Netherlands exported $4.2B to Portugal. The main products that Netherlands exported to Portugal were Refined Petroleum ($332M), Halogenated Hydrocarbons ($224M), and Packaged Medicaments ($201M). Over the past 5 years the exports of Netherlands to Portugal have increased at an annualized rate of 22.9%, from $1.5B in 2017 to $4.2B in 2022.

In 2020, Netherlands exported services to Portugal worth $847M, with Other business services ($242M), Transportation ($224M), and Royalties and license fees ($217M) being the largest in terms of value.

Portugal-Netherlands Trade: In 2022, Portugal exported $2.55B to Netherlands. The main products that Portugal exported to Netherlands were Refined Petroleum ($369M), Leather Footwear ($292M), and Amino-resins ($162M). Over the past 5 years the exports of Portugal to Netherlands have increased at an annualized rate of 15.4%, from $1.25B in 2017 to $2.55B in 2022.

In 2020, Portugal exported services to Netherlands worth $1.02B, with Other business services ($372M), Travel ($356M), and Transportation ($215M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Latest Trends

October, 2022

About

Overview In October 2022, Netherlands exported €365M and imported €218M from Portugal, resulting in a positive trade balance of €147M. Between October 2021 and October 2022 the exports of Netherlands have increased by €39M (12%) from €326M to €365M, while imports increased by €39M (21.8%) from €179M to €218M.

Trade In October 2022, the top exports of Netherlands to Portugal were Automatic data-processing machines and units thereof;... (€20M), Petroleum oils and oils obtained from... (€16M), Hydrocarbons, n.e.s., and their halogenated, sulphonated,... (€14M), Medicaments (including veterinary medicaments) (€12M), and Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€10M). In October 2022 the top imports of Netherlands from Portugal were Footwear (€22M), Other plastics, in primary forms (€9M), Pulp and waste paper (€8M), Petroleum oils and oils obtained from... (€7M), and Paper and paperboard (€7M).

Growth In October 2022, the increase in Netherlands's year-by-year exports to Portugal was explained primarily by an increase in product exports in Petroleum oils and oils obtained from... (€6M or 60%), Hydrocarbons, n.e.s., and their halogenated, sulphonated,... (€6M or 75%), and Medicinal and pharmaceutical products, other than... (€4M or 200%). In October 2022, the increase in Netherlands's year-by-year imports from Portugal was explained primarily by an increase in product imports in Perfumery, cosmetic or toilet preparations (excluding... (€3M or 150%), Hydrocarbons, n.e.s., and their halogenated, sulphonated,... (€2M or 50%), and Pulp and waste paper (€1M or 14.3%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2021 - October 2022)€39M(12%)

IMPORT GROWTH (October 2021 - October 2022)€39M(21.8%)

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 Portugal 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 $4.2B to Portugal. The main products exported from Netherlands to Portugal were Refined Petroleum ($332M), Halogenated Hydrocarbons ($224M), and Packaged Medicaments ($201M). During the last 5 years the exports of Netherlands to Portugal have increased at an annualized rate of 22.9%, from $1.5B in 2017 to $4.2B in 2022.

In 2017, Portugal exported $2.55B to Netherlands. The main products exported from Portugal to Netherlands were Refined Petroleum ($369M), Leather Footwear ($292M), and Amino-resins ($162M). During the last 22 years the exports of Portugal to Netherlands have increased at an annualized rate of 15.4%, from $1.25B in 1995 to $2.55B in 2017.

Exports from Netherlands () to Portugal () (2022)

Exports from Portugal () to Netherlands () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Netherlands
Top DestinationGermany$131B

Portugal
Top DestinationSpain$20.5B

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

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

In 2022, countries that imported more from Portugal than Netherlands included Angola ($1.59B), Cape Verde ($407M), and Mozambique ($262M).

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

Comparative Advantage Netherlands - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Netherlands had a large net trade with Portugal in the exports of Machines ($1.21B), Chemical Products ($970M), and Animal Products ($481M).

During 2017, Portugal had a large net trade with Netherlands in the exports of Mineral Products ($566M), Footwear and Headwear ($325M), and Textiles ($312M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Netherlands Portugal+$103MRefined Petroleum

Top Product Potential Portugal Netherlands+$82.1MRefined 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

Prt Year

Nld Year

In 2020, Portugal exported services to Netherlands worth $1.02B, with Other business services ($372M), Travel ($356M), and Transportation ($215M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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