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2023
Flag → Flag
Exports $3.04BRnk 29 / 224
2023
Flag → Flag
Top Product $557MRefined Petroleum
2023
Flag → Flag
Exports $4.9BRnk 16 / 217
2023
Flag → Flag
Top Product $932MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.08Rnk 26 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 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$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Netherlands-Singapore Trade: In 2023, Netherlands exported $3.04B to Singapore. The main products that Netherlands exported to Singapore were Refined Petroleum ($557M), Coal Tar Oil ($547M), and Machinery Having Individual Functions ($232M). Over the past 5 years the exports of Netherlands to Singapore have decreased at an annualized rate of 14%, from $6.45B in 2018 to $3.04B in 2023.

In 2020, Netherlands exported services to Singapore worth $1.96B, with Other business services ($1.11B), Transportation ($379M), and Computer and information services ($198M) being the largest in terms of value.

Singapore-Netherlands Trade: In 2023, Singapore exported $4.9B to Netherlands. The main products that Singapore exported to Netherlands were Refined Petroleum ($932M), Orthopedic Appliances ($439M), and Integrated Circuits ($357M). Over the past 5 years the exports of Singapore to Netherlands have decreased at an annualized rate of 1%,  from $5.99B in 2018 to $4.9B in 2023.

In 2023, Singapore did not export any services to Netherlands.

Comparison: In 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Latest Trends

October, 2024

About

Overview In October 2024, Netherlands exported €624M and imported €1.15B from Singapore, resulting in a negative trade balance of €530M. Between October 2023 and October 2024 the exports of Netherlands have increased by €20M (3.31%) from €604M to €624M, while imports increased by €231M (25%) from €923M to €1.15B.

Trade In October 2024, the top exports of Netherlands to Singapore were Undefined (€416M), Internal combustion piston engines, and parts... (€17M), Engines and motors, non-electric (other than... (€15M), Automatic data-processing machines and units thereof;... (€15M), and Structures and parts of structures, n.e.s.,... (€14M). In October 2024 the top imports of Netherlands from Singapore were Undefined (€924M), Petroleum oils and oils obtained from... (€93M), Thermionic, cold cathode or photo-cathode valves... (€32M), Miscellaneous manufactured articles, n.e.s. (€30M), and Instruments and appliances, n.e.s., for medical,... (€20M).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)€20M(3.31%)
IMPORT GROWTH (October 2023 - October 2024)€231M(25%)

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 Singapore and Netherlands trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Singapore and Netherlands Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Netherlands exported $3.04B to Singapore. The main products exported from Netherlands to Singapore were Refined Petroleum ($557M), Coal Tar Oil ($547M), and Machinery Having Individual Functions ($232M). During the last 5 years the exports of Netherlands to Singapore have decreased at an annualized rate of 14%, from $6.45B in 2018 to $3.04B in 2023.

In 2018, Singapore exported $4.9B to Netherlands. The main products exported from Singapore to Netherlands were Refined Petroleum ($932M), Orthopedic Appliances ($439M), and Integrated Circuits ($357M). During the last 5 years the exports of Singapore to Netherlands have decreased at an annualized rate of 1%, from $5.99B in 2023 to $4.9B in 2018.

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

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

Market Competitiveness

Color
Netherlands
Top DestinationGermany$96.9B
Singapore
Top DestinationHong Kong$44.5B

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

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

In 2023, countries that imported more from Singapore than Netherlands included Hong Kong ($44.5B), Malaysia ($31.4B), and China ($36.7B).

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

Comparative Advantage Netherlands - Singapore

Flow
Scale

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

During 2023, Netherlands had a large net trade with Singapore in the exports of Mineral Products ($1.11B), Machines ($840M), and Chemical Products ($340M).

During 2018, Singapore had a large net trade with Netherlands in the exports of Machines ($1.57B), Instruments ($1.25B), and Mineral Products ($1.07B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Singapore+$275MRefined Petroleum
Top Product Potential Singapore Netherlands+$266MRefined 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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Netherlands and Singapore. This means that a dot/product with the flag of Netherlands indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Netherlands.

Product Space of Netherlands (Flag) and Singapore (Flag) (2023)

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