Netherlands (NLD) and Romania (ROU) Trade

2022

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Exports $3.13BRnk 27 / 224

2022

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About

Netherlands-Romania Trade: In 2022, Netherlands exported $3.13B to Romania. The main products that Netherlands exported to Romania were Broadcasting Equipment ($180M), Vaccines, blood, antisera, toxins and cultures ($166M), and Packaged Medicaments ($156M). Over the past 5 years the exports of Netherlands to Romania have increased at an annualized rate of 60.9%, from $290M in 2017 to $3.13B in 2022.

In 2020, Netherlands exported services to Romania worth $958M, with Royalties and license fees ($241M), Travel ($224M), and Other business services ($217M) being the largest in terms of value.

Romania-Netherlands Trade: In 2022, Romania exported $1.82B to Netherlands. The main products that Romania exported to Netherlands were Cars ($795M), Sunflower Seeds ($252M), and Corn ($161M). Over the past 5 years the exports of Romania to Netherlands have increased at an annualized rate of 46.3%, from $271M in 2017 to $1.82B in 2022.

In 2020, Romania exported services to Netherlands worth $1.82B, with Transportation ($782M), Computer and information services ($469M), and Other business services ($427M) 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Latest Trends

October, 2022

About

Overview In October 2022, Netherlands exported €330M and imported €260M from Romania, resulting in a positive trade balance of €70M. Between October 2021 and October 2022 the exports of Netherlands have increased by €55M (20%) from €275M to €330M, while imports increased by €77M (42.1%) from €183M to €260M.

Trade In October 2022, the top exports of Netherlands to Romania were Thermionic, cold cathode or photo-cathode valves... (€14M), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€12M), Crude vegetable materials, n.e.s. (€9M), Fruit and nuts (not including oil... (€8M), and Automatic data-processing machines and units thereof;... (€7M). In October 2022 the top imports of Netherlands from Romania were Household-type electrical and non-electrical equipment, n.e.s. (€16M), Motor cars and other motor vehicles... (€14M), Furniture and parts thereof; bedding, mattresses,... (€10M), Maize (not including sweet corn), unmilled (€9M), and Medicaments (including veterinary medicaments) (€8M).

Growth In October 2022, the increase in Netherlands's year-by-year exports to Romania was explained primarily by an increase in product exports in Automatic data-processing machines and units thereof;... (€4M or 133%), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€3M or 33.3%), and Crude vegetable materials, n.e.s. (€2M or 28.6%). In October 2022, the increase in Netherlands's year-by-year imports from Romania was explained primarily by an increase in product imports in Medicaments (including veterinary medicaments) (€6M or 300%), Household-type electrical and non-electrical equipment, n.e.s. (€4M or 33.3%), and Equipment for distributing electricity, n.e.s. (€2M or 50%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2021 - October 2022)€55M(20%)

IMPORT GROWTH (October 2021 - October 2022)€77M(42.1%)

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 Romania 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 $3.13B to Romania. The main products exported from Netherlands to Romania were Broadcasting Equipment ($180M), Vaccines, blood, antisera, toxins and cultures ($166M), and Packaged Medicaments ($156M). During the last 5 years the exports of Netherlands to Romania have increased at an annualized rate of 60.9%, from $290M in 2017 to $3.13B in 2022.

In 2017, Romania exported $1.82B to Netherlands. The main products exported from Romania to Netherlands were Cars ($795M), Sunflower Seeds ($252M), and Corn ($161M). During the last 22 years the exports of Romania to Netherlands have increased at an annualized rate of 46.3%, from $271M in 1995 to $1.82B in 2017.

Exports from Netherlands () to Romania () (2022)

Exports from Romania () to Netherlands () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Netherlands
Top DestinationGermany$131B

Romania
Top DestinationGermany$18.8B

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

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

In 2022, countries that imported more from Romania than Netherlands included Moldova ($2.14B), Bulgaria ($3.9B), and Hungary ($6.75B).

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

Comparative Advantage Netherlands - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Netherlands had a large net trade with Romania in the exports of Machines ($1.38B), Chemical Products ($685M), and Vegetable Products ($424M).

During 2017, Romania had a large net trade with Netherlands in the exports of Transportation ($940M), Machines ($656M), and Vegetable Products ($558M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Netherlands Romania+$67.4MRefined Petroleum

Top Product Potential Romania Netherlands+$47.4MRefined 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

Rou Year

Nld Year

In 2020, Netherlands exported services to Romania worth $958M, with Royalties and license fees ($241M), Travel ($224M), and Other business services ($217M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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