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2023
Flag → Flag
Exports $2.59BRnk 32 / 224
2023
Flag → Flag
Top Product $552MPackaged Medicaments
2023
Flag → Flag
Exports $3.03BRnk 27 / 137
2023
Flag → Flag
Top Product $1.42BPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 1.08Rnk 26 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag  
GDP$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
GDP PC $64,572CURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 96 / 195
2023
Flag
GDP PC$13,817CURRENT US$
Rnk 74 / 196
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195

About

Netherlands-Russia Trade: In 2023, Netherlands exported $2.59B to Russia. The main products that Netherlands exported to Russia were Packaged Medicaments ($552M), Cut Flowers ($242M), and Medical Instruments ($230M). Over the past 5 years the exports of Netherlands to Russia have decreased at an annualized rate of 9.87%, from $4.35B in 2018 to $2.59B in 2023.

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 2023, Russia exported $3.03B to Netherlands. The main products that Russia exported to Netherlands were Petroleum Gas ($1.42B), Crude Petroleum ($501M), and Refined Petroleum ($309M). Over the past 5 years the exports of Russia to Netherlands have decreased at an annualized rate of 39.3%,  from $36.7B in 2018 to $3.03B in 2023.

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 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Latest Trends

October, 2024

About

Overview In October 2024, Netherlands exported €235M and imported €190M from Russia, resulting in a positive trade balance of €45M. Between October 2023 and October 2024 the exports of Netherlands have increased by €51M (27.7%) from €184M to €235M, while imports increased by €17M (9.83%) from €173M to €190M.

Trade In October 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 October 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 (October 2023 - October 2024)€51M(27.7%)
IMPORT GROWTH (October 2023 - October 2024)€17M(9.83%)

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 2023, Netherlands exported $2.59B to Russia. The main products exported from Netherlands to Russia were Packaged Medicaments ($552M), Cut Flowers ($242M), and Medical Instruments ($230M). During the last 5 years the exports of Netherlands to Russia have decreased at an annualized rate of 9.87%, from $4.35B in 2018 to $2.59B in 2023.

In 2018, Russia exported $3.03B to Netherlands. The main products exported from Russia to Netherlands were Petroleum Gas ($1.42B), Crude Petroleum ($501M), and Refined Petroleum ($309M). During the last 5 years the exports of Russia to Netherlands have decreased at an annualized rate of 39.3%, from $36.7B in 2023 to $3.03B in 2018.

Exports from Netherlands (Flag) to Russia (Flag) (2023)

Exports from Russia (Flag) to Netherlands (Flag) (2023)

Market Competitiveness

Color
Netherlands
Top DestinationGermany$96.9B
Russia
Top DestinationChina$129B

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 2023, countries that imported more from Netherlands than Russia included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

In 2023, countries that imported more from Russia than Netherlands included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia (Flag) and Netherlands (Flag) (2023)

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 2023, Netherlands had a large net trade with Russia in the exports of Chemical Products ($840M), Vegetable Products ($576M), and Instruments ($446M).

During 2018, Russia had a large net trade with Netherlands in the exports of Mineral Products ($2.39B), Metals ($354M), and Animal Products ($122M).

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) (2023)

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