Russia (RUS) and Netherlands (NLD) Trade

2023

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Exports $3.03BRnk 27 / 137

2023

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About

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.

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 7.15%, 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.

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

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $4.8B and imported $252M from Netherlands, resulting in a positive trade balance of $4.55B. Between January 2021 and January 2022 the exports of Russia have increased by $2.83B (143%) from $1.97B to $4.8B, while imports increased by $46.1M (22.4%) from $206M to $252M.

Trade In January 2022, the top exports of Russia to Netherlands were Crude Petroleum ($885M), Refined Petroleum ($747M), Commodities not elsewhere specified ($92.6M), Raw Aluminium ($37.6M), and Petroleum Gas ($36.4M). In January 2022 the top imports of Russia from Netherlands were Tractors ($16.5M), Vaccines, blood, antisera, toxins and cultures ($13.7M), Polyacetals ($8.59M), Packaged Medicaments ($7.97M), and Scrap Copper ($6.91M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($1.26B), MURMANSK REGION ($997M), KRASNOYARSK TERRITORY ($755M), KHANTY-MANSIYSK AUTONOMOUS AREA ($420M), and ST. PETERSBURG ($311M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($90.6M), MOSCOW REGION ($62.2M), ST. PETERSBURG ($14.7M), BELGOROD REGION ($10.6M), and KALUGA REGION ($9.79M).

Growth In January 2022, the increase in Russia's year-by-year exports to Netherlands was explained primarily by an increase in product exports in Raw Aluminium ($6.77M or 22%), Petroleum Gas ($3.7M or 11.3%), and Plywood ($2.02M or 53.2%). In January 2022, the increase in Russia's year-by-year imports from Netherlands was explained primarily by an increase in product imports in Vaccines, blood, antisera, toxins and cultures ($8.21M or 150%), Packaged Medicaments ($4.98M or 167%), and Tractors ($4.78M or 41%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (January 2021 - January 2022)$2.83B(143%)

IMPORT GROWTH (January 2021 - January 2022)$46.1M(22.4%)

MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$1.26B

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Netherlands and Russia 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 2023, 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 2018 to $3.03B in 2023.

In 2018, 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 7.15%, from $4.35B in 2023 to $2.59B in 2018.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$129B

Netherlands
Top DestinationGermany$96.9B

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

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

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

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

Comparative Advantage Russia - Netherlands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Russia had a large net trade with Netherlands in the exports of Mineral Products ($2.39B), Metals ($354M), and Animal Products ($122M).

During 2018, Netherlands had a large net trade with Russia in the exports of Chemical Products ($840M), Vegetable Products ($576M), and Instruments ($446M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Russia Netherlands+$2.03BPetroleum Gas

Top Product Potential Netherlands Russia+$180MPackaged Medicaments

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

Nld Year

Rus 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 Russia () to Netherlands () (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of Russia () and Netherlands () (2023)

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