Netherlands (NLD) and Russia (RUS) Trade

2022

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Exports $5.75BRnk 30 / 224

2022

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About

Netherlands-Russia Trade: In 2022, Netherlands exported $5.75B to Russia. The main products that Netherlands exported to Russia were Packaged Medicaments ($627M), Medical Instruments ($312M), and Orthopedic Appliances ($227M). Over the past 5 years the exports of Netherlands to Russia have increased at an annualized rate of 29.6%, from $1.57B in 2017 to $5.75B in 2022.

In 2020, Netherlands exported services to Russia worth $1.78B, with Other business services ($696M), Royalties and license fees ($394M), and Construction services ($267M) being the largest in terms of value.

Russia-Netherlands Trade: In 2022, Russia exported $36.7B to Netherlands. The main products that Russia exported to Netherlands were Crude Petroleum ($9.25B), Petroleum Gas ($2.94B), and Refined Petroleum ($2.24B). Over the past 5 years the exports of Russia to Netherlands have increased at an annualized rate of 98.4%, from $1.19B in 2017 to $36.7B in 2022.

In 2020, Russia exported services to Netherlands worth $1.59B, with Other business services ($669M), Transportation ($381M), and Construction services ($254M) 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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Latest Trends

October, 2022

About

Overview In October 2022, Netherlands exported €238M and imported €612M from Russia, resulting in a negative trade balance of €374M. Between October 2021 and October 2022 the exports of Netherlands have decreased by €-321M (-57.4%) from €559M to €238M, while imports decreased by €-875M (-58.8%) from €1.49B to €612M.

Trade In October 2022, the top exports of Netherlands to Russia were Medicaments (including veterinary medicaments) (€56M), Medicinal and pharmaceutical products, other than... (€38M), Crude vegetable materials, n.e.s. (€29M), Thermionic, cold cathode or photo-cathode valves... (€24M), and Road motor vehicles, n.e.s. (€22M). In October 2022 the top imports of Netherlands from Russia were Petroleum oils and oils obtained from... (€311M), Petroleum oils and oils obtained from... (€71M), Copper (€30M), Flat-rolled products of iron or non-alloy... (€6M), and Wood, simply worked, and railway sleepers... (€5M).

Growth In October 2022, the decrease in Netherlands's year-by-year exports to Russia was explained primarily by an decrease in product exports in Crude vegetable materials, n.e.s. (€-7M or -19.4%), Mechanical handling equipment, and parts thereof,... (€-7M or -77.8%), and Automatic data-processing machines and units thereof;... (€-6M or -27.3%). In October 2022, the decrease in Netherlands's year-by-year imports from Russia was explained primarily by an decrease in product imports in Petroleum oils and oils obtained from... (€-162M or -69.5%), Petroleum oils and oils obtained from... (€-80M or -20.5%), and Nickel (€-10M or -71.4%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2021 - October 2022)€-321M(-57.4%)

IMPORT GROWTH (October 2021 - October 2022)€-875M(-58.8%)

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 Russia 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 $5.75B to Russia. The main products exported from Netherlands to Russia were Packaged Medicaments ($627M), Medical Instruments ($312M), and Orthopedic Appliances ($227M). During the last 5 years the exports of Netherlands to Russia have increased at an annualized rate of 29.6%, from $1.57B in 2017 to $5.75B in 2022.

In 2017, Russia exported $36.7B to Netherlands. The main products exported from Russia to Netherlands were Crude Petroleum ($9.25B), Petroleum Gas ($2.94B), and Refined Petroleum ($2.24B). During the last 22 years the exports of Russia to Netherlands have increased at an annualized rate of 98.4%, from $1.19B in 1995 to $36.7B in 2017.

Exports from Netherlands () to Russia () (2022)

Exports from Russia () to Netherlands () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Netherlands
Top DestinationGermany$131B

Russia
Top DestinationChina$101B

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

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

In 2022, countries that imported more from Russia than Netherlands included China ($101B), India ($40.4B), and Turkey ($25.3B).

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

Comparative Advantage Netherlands - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Netherlands had a large net trade with Russia in the exports of Chemical Products ($1.01B), Instruments ($634M), and Machines ($590M).

During 2017, Russia had a large net trade with Netherlands in the exports of Mineral Products ($15.2B), Metals ($1.53B), and Chemical Products ($298M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Netherlands Russia+$180MPackaged Medicaments

Top Product Potential Russia Netherlands+$2.03BPetroleum Gas

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

Rus Year

Nld Year

In 2020, Russia exported services to Netherlands worth $1.59B, with Other business services ($669M), Transportation ($381M), and Construction services ($254M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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