Sign In
Pricing

2022
Flag → Flag
Exports $9.11BRnk 14 / 224
2022
Flag → Flag
Top Product $5.69BMachinery Having Individual Functions
2022
Flag → Flag
Exports $8.07BRnk 19 / 220
2022
Flag → Flag
Top Product $2.01BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 125 / 186
2022
Flag
 GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC $55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

Netherlands-South Korea Trade: In 2022, Netherlands exported $9.11B to South Korea. The main products that Netherlands exported to South Korea were Machinery Having Individual Functions ($5.69B), Radioactive Chemicals ($245M), and Pig Meat ($199M). Over the past 5 years the exports of Netherlands to South Korea have increased at an annualized rate of 7.39%, from $6.38B in 2017 to $9.11B in 2022.

In 2020, Netherlands exported services to South Korea worth $750M, with Computer and information services ($270M), Other business services ($199M), and Transportation ($172M) being the largest in terms of value.

South Korea-Netherlands Trade: In 2022, South Korea exported $8.07B to Netherlands. The main products that South Korea exported to Netherlands were Refined Petroleum ($2.01B), Blank Audio Media ($576M), and Cars ($541M). Over the past 5 years the exports of South Korea to Netherlands have increased at an annualized rate of 11.6%,  from $4.67B in 2017 to $8.07B in 2022.

In 2005, South Korea exported services to Netherlands worth $444M, with Transportation ($249M), Other business services ($106M), and Services not allocated ($56.6M) being the largest in terms of value.

Comparison: In 2022,  Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Latest Trends

October, 2022

About

Overview In October 2022, Netherlands exported €593M and imported €650M from South Korea, resulting in a negative trade balance of €57M. Between October 2021 and October 2022 the exports of Netherlands have increased by €263M (79.7%) from €330M to €593M, while imports increased by €196M (43.2%) from €454M to €650M.

Trade In October 2022, the top exports of Netherlands to South Korea were Other machinery and equipment specialized for... (€396M), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€17M), Medicaments (including veterinary medicaments) (€13M), Thermionic, cold cathode or photo-cathode valves... (€13M), and Motor cars and other motor vehicles... (€12M). In October 2022 the top imports of Netherlands from South Korea were Medicinal and pharmaceutical products, other than... (€82M), Thermionic, cold cathode or photo-cathode valves... (€52M), Petroleum oils and oils obtained from... (€35M), Civil engineering and contractors' plant and... (€33M), and Motor cars and other motor vehicles... (€20M).

Growth In October 2022, the increase in Netherlands's year-by-year exports to South Korea was explained primarily by an increase in product exports in Other machinery and equipment specialized for... (€306M or 340%), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€10M or 143%), and Ores and concentrates of base metals,... (€4M or 200%). In October 2022, the increase in Netherlands's year-by-year imports  from South Korea was explained primarily by an increase in product imports  in Petroleum oils and oils obtained from... (€7M or 25%), Automatic data-processing machines and units thereof;... (€7M or 58.3%), and Musical instruments and parts and accessories... (€3M or 150%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2021 - October 2022)€263M(79.7%)
IMPORT GROWTH (October 2021 - October 2022)€196M(43.2%)

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 South Korea and Netherlands trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore South Korea and Netherlands Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Netherlands exported $9.11B to South Korea. The main products exported from Netherlands to South Korea were Machinery Having Individual Functions ($5.69B), Radioactive Chemicals ($245M), and Pig Meat ($199M). During the last 5 years the exports of Netherlands to South Korea have increased at an annualized rate of 7.39%, from $6.38B in 2017 to $9.11B in 2022.

In 2017, South Korea exported $8.07B to Netherlands. The main products exported from South Korea to Netherlands were Refined Petroleum ($2.01B), Blank Audio Media ($576M), and Cars ($541M). During the last 5 years the exports of South Korea to Netherlands have increased at an annualized rate of 11.6%, from $4.67B in 2022 to $8.07B in 2017.

Exports from Netherlands (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Netherlands (Flag) (2022)

Market Competitiveness

Color
Netherlands
Top DestinationGermany$131B
South Korea
Top DestinationChina$150B

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

In 2022, countries that imported more from Netherlands than South Korea included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

In 2022, countries that imported more from South Korea than Netherlands included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Netherlands (Flag) (2022)

Comparative Advantage Netherlands - South Korea

Flow
Scale

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

During 2022, Netherlands had a large net trade with South Korea in the exports of Machines ($6.36B), Chemical Products ($780M), and Animal Products ($497M).

During 2017, South Korea had a large net trade with Netherlands in the exports of Machines ($2.76B), Mineral Products ($2.04B), and Chemical Products ($886M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands South Korea+$225MRefined Petroleum
Top Product Potential South Korea Netherlands+$276MRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Netherlands (Flag) and South Korea (Flag) (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms