Netherlands (NLD) and Russia (RUS) Trade | OEC - The Observatory of Economic Complexity

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Netherlands-Russia In 2021, Netherlands exported $7.6B to Russia. The main products that Netherlands exported to Russia are Packaged Medicaments ($574M), Office Machine Parts ($478M), and Tractors ($463M). During the last 26 years the exports of Netherlands to Russia have increased at an annualized rate of 6.25%, from $1.57B in 1995 to $7.6B in 2021.

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 In 2021, Russia exported $39B to Netherlands. The main products that Russia exported to Netherlands were Crude Petroleum ($17B), Refined Petroleum ($14.2B), and Coal Briquettes ($1.1B). During the last 26 years the exports of Russia to Netherlands have increased at an annualized rate of 14.4%, from $1.19B in 1995 to $39B in 2021.

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 2021, Netherlands ranked 22 in the Economic Complexity Index (ECI 1.09), and 6 in total exports ($642B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B).

Latest Trends

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October, 2022

About

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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

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Flow

Time Scale

Value

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

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Netherlands exported $7.6B to Russia. The main products exported from Netherlands to Russia were Packaged Medicaments ($574M), Office Machine Parts ($478M), and Tractors ($463M). During the last 26 years the exports of Netherlands to Russia have increased at an annualized rate of 6.25%, from $1.57B in 1995 to $7.6B in 2021.

In 2021, Russia exported $39B to Netherlands. The main products exported from Russia to Netherlands were Crude Petroleum ($17B), Refined Petroleum ($14.2B), and Coal Briquettes ($1.1B). During the last 26 years the exports of Russia to Netherlands have increased at an annualized rate of 14.4%, from $1.19B in 1995 to $39B in 2021.

Market Competitiveness

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Color

SectionYear

Netherlands
Top Destination: Germany, $129B

Russia
Top Destination: China, $70.9B

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 2021, countries that imported more from Netherlands than Russia were Germany ($129B), Belgium ($80.2B), and France ($57.1B).

In 2021, countries that imported more from Russia than Netherlands were China ($70.9B), Belarus ($20.5B), and Kazakhstan ($18.1B).

Comparative Advantage Netherlands - Russia

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Flow

Scale

Year

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

During 2021, Netherlands had a large net trade with Russia in the exports of Machines ($2.22B), Chemical Products ($1.59B), and Transportation ($915M).

During 2021, Russia had a large net trade with Netherlands in the exports of Mineral Products ($33.1B), Metals ($3.2B), and Animal Products ($1.32B).

Service Trade

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Bilateral Service Trade

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Rus YearNld Year

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.

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Netherlands has comparative advantage over Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Netherlands.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Netherlands - Russia

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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