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2022
Flag → Flag
Exports $3.82BRnk 30 / 224
2022
Flag → Flag
Top Product $627MPackaged Medicaments
2022
Flag → Flag
Exports $17.4BRnk 6 / 138
2022
Flag → Flag
Top Product $9.25BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 125 / 186
2022
Flag
 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
GDP PC $55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Netherlands-Russia Trade: In 2022, Netherlands exported $3.82B 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 decreased at an annualized rate of 7.83%, from $5.75B in 2017 to $3.82B 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 $17.4B 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 decreased at an annualized rate of 13.8%,  from $36.7B in 2017 to $17.4B 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

July, 2024

About

Overview In July 2024, Netherlands exported €196M and imported €165M from Russia, resulting in a positive trade balance of €31M. Between July 2023 and July 2024 the exports of Netherlands have increased by €20M (11.4%) from €176M to €196M, while imports increased by €9M (5.77%) from €156M to €165M.

Trade In July 2024, the top exports of Netherlands to Russia were Medicaments (including veterinary medicaments) (€61M), Crude vegetable materials, n.e.s. (€27M), Instruments and appliances, n.e.s., for medical,... (€19M), Miscellaneous manufactured articles, n.e.s. (€17M), and Fruit and nuts (not including oil... (€16M). In July 2024 the top imports of Netherlands from Russia were Petroleum oils and oils obtained from... (€202M), Undefined (€142M), Petroleum oils and oils obtained from... (€37M), Copper (€32M), and Fertilizers, crude, other than those of... (€10M).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€20M(11.4%)
IMPORT GROWTH (July 2023 - July 2024)€9M(5.77%)

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.

For full datasets download visit Bulk Download page.

Explore Russia and Netherlands Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Netherlands exported $3.82B 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 decreased at an annualized rate of 7.83%, from $5.75B in 2017 to $3.82B in 2022.

In 2017, Russia exported $17.4B 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 5 years the exports of Russia to Netherlands have decreased at an annualized rate of 13.8%, from $36.7B in 2022 to $17.4B in 2017.

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

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

Market Competitiveness

Color
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 (Flag) and Netherlands (Flag) (2022)

Comparative Advantage Netherlands - Russia

Flow
Scale

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

Potential Exports

Depth
View
Sort By
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

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.

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 (Flag) to Russia (Flag) (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

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 (Flag) and Russia (Flag) (2022)

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