United Kingdom (GBR) and Netherlands (NLD) Trade

2023

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Exports $29.8BRnk 4 / 223

2023

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About

United Kingdom-Netherlands Trade: In 2023, United Kingdom exported $29.8B to Netherlands. The main products that United Kingdom exported to Netherlands were Crude Petroleum ($4.39B), Refined Petroleum ($1.73B), and Petroleum Gas ($1.37B). Over the past 5 years the exports of United Kingdom to Netherlands have increased at an annualized rate of 0.28%, from $29.3B in 2018 to $29.8B in 2023.

In 2019, United Kingdom exported services to Netherlands worth $17.3B, with Other business services ($7.18B), Financial services ($4.94B), and Travel ($1.9B) being the largest in terms of value.

Netherlands-United Kingdom Trade: In 2023, Netherlands exported $28B to United Kingdom. The main products that Netherlands exported to United Kingdom were Refined Petroleum ($3.84B), Computers ($794M), and Poultry Meat ($661M). Over the past 5 years the exports of Netherlands to United Kingdom have decreased at an annualized rate of 8.16%, from $55.3B in 2018 to $28B in 2023.

In 2020, Netherlands exported services to United Kingdom worth $25.2B, with Other business services ($8.52B), Transportation ($4.81B), and Computer and information services ($4.55B) being the largest in terms of value.

Comparison: In 2023, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £2.06B and imported £4.11B from Netherlands, resulting in a negative trade balance of £2.05B. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-182M (-8.11%) from £2.24B to £2.06B, while imports decreased by £-566M (-12.1%) from £4.68B to £4.11B.

Trade In November 2024, the top exports of United Kingdom to Netherlands were Crude Petroleum (£705M), Refined Petroleum (£249M), Petroleum Gas (£80.9M), Coal Tar Oil (£69M), and Packaged Medicaments (£56.2M). In November 2024 the top imports of United Kingdom from Netherlands were Refined Petroleum (£327M), Telephones (£191M), Computers (£187M), Biodiesel and mixtures thereof (£174M), and Packaged Medicaments (£139M).

Origins In November 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£439M), Immingham (£360M), Grangemouth (£119M), Southampton (£91.9M), and Hull (£91.1M), while imports destinations were mainly Immingham (£596M), Eurotunnel (£412M), Harwich (£353M), London (£303M), and Felixstowe (£261M).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Netherlands was explained primarily by an decrease in product exports in Gas Turbines (£-133M or -72.8%), Other Vinyl Polymers (£-6.57M or -91.3%), and Flat Flat-Rolled Steel (£-6.41M or -62.1%). In November 2024, the decrease in United Kingdom's year-by-year imports from Netherlands was explained primarily by an decrease in product imports in Petroleum Gas (£-58.9M or -86.9%), Bandages (£-51.7M or -90.8%), and Packaged Medicaments (£-39.2M or -22%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)£-182M(-8.11%)

IMPORT GROWTH (November 2023 - November 2024)£-566M(-12.1%)

MAIN EXPORTER (November 2024)Dover Eurotunnel£439M

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

To check Netherlands and United Kingdom 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, United Kingdom exported $29.8B to Netherlands. The main products exported from United Kingdom to Netherlands were Crude Petroleum ($4.39B), Refined Petroleum ($1.73B), and Petroleum Gas ($1.37B). During the last 5 years the exports of United Kingdom to Netherlands have increased at an annualized rate of 0.28%, from $29.3B in 2018 to $29.8B in 2023.

In 2018, Netherlands exported $28B to United Kingdom. The main products exported from Netherlands to United Kingdom were Refined Petroleum ($3.84B), Computers ($794M), and Poultry Meat ($661M). During the last 5 years the exports of Netherlands to United Kingdom have decreased at an annualized rate of 8.16%, from $55.3B in 2023 to $28B in 2018.

Exports from United Kingdom () to Netherlands () (2023)

Exports from Netherlands () to United Kingdom () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$59.7B

Netherlands
Top DestinationGermany$96.9B

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

In 2023, countries that imported more from United Kingdom than Netherlands included United States ($59.7B), Ireland ($29.1B), and China ($35.3B).

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

Difference in imports from Netherlands () and United Kingdom () (2023)

Comparative Advantage United Kingdom - Netherlands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, United Kingdom had a large net trade with Netherlands in the exports of Mineral Products ($8.51B), Machines ($6.32B), and Chemical Products ($3.98B).

During 2018, Netherlands had a large net trade with United Kingdom in the exports of Mineral Products ($5.19B), Machines ($4B), and Foodstuffs ($3.82B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United Kingdom Netherlands+$462MRefined Petroleum

Top Product Potential Netherlands United Kingdom+$683MRefined 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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Bilateral Service Trade

Nld Year

Gbr Year

In 2019, United Kingdom exported services to Netherlands worth $17.3B, with Other business services ($7.18B), Financial services ($4.94B), and Travel ($1.9B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to Netherlands () (2019)

Services Exports from Netherlands () to United Kingdom () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United Kingdom () and Netherlands () (2023)

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