Singapore (SGP) and Netherlands (NLD) Trade | The Observatory of Economic Complexity

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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 3.93%, from $5.99B in 2018 to $4.9B in 2023.

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

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 3.93%, from $5.99B in 2018 to $4.9B in 2023.

In 2018, 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 2023 to $3.04B in 2018.

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

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

Latest Data

Trade between Singapore () and Netherlands ()

Singapore Exports

Date

Netherlands Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$44.5B

Netherlands
Top DestinationGermany$96.9B

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

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

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

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

Comparative Advantage Singapore - Netherlands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Singapore had a large net trade with Netherlands in the exports of Machines ($1.57B), Instruments ($1.25B), and Mineral Products ($1.07B).

During 2018, Netherlands had a large net trade with Singapore in the exports of Mineral Products ($1.11B), Machines ($840M), and Chemical Products ($340M).

Bilateral Service Trade

Nld Year

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.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Singapore () and Netherlands ()

Singapore Exports

Netherlands Exports

Market Competitiveness

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

Comparative Advantage Singapore - Netherlands

Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

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