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2023
Flag → Flag
Exports $87BRnk 2 / 224
2023
Flag → Flag
Top Product $20.8BCrude Petroleum
2023
Flag → Flag
Exports $67.3BRnk 2 / 220
2023
Flag → Flag
Top Product $7.85BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.08Rnk 26 / 132
2023
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
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GDP GROWTH30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
GDP PC $64,572CURRENT US$
Rnk 17 / 195
2013-2023
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GDP PC GROWTH22.8%CURRENT US$
Rnk 96 / 195
2023
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GDP PC$54,701CURRENT US$
Rnk 20 / 196
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195

About

Netherlands-Belgium Trade: In 2023, Netherlands exported $87B to Belgium. The main products that Netherlands exported to Belgium were Crude Petroleum ($20.8B), Refined Petroleum ($7.09B), and Cars ($2.98B). Over the past 5 years the exports of Netherlands to Belgium have increased at an annualized rate of 4.03%, from $71.4B in 2018 to $87B in 2023.

In 2020, Netherlands exported services to Belgium worth $11.6B, with Other business services ($4.31B), Transportation ($3.09B), and Travel ($1.18B) being the largest in terms of value.

Belgium-Netherlands Trade: In 2023, Belgium exported $67.3B to Netherlands. The main products that Belgium exported to Netherlands were Refined Petroleum ($7.85B), Petroleum Gas ($4.58B), and Packaged Medicaments ($4.23B). Over the past 5 years the exports of Belgium to Netherlands have increased at an annualized rate of 5.55%,  from $51.4B in 2018 to $67.3B in 2023.

In 2020, Belgium exported services to Netherlands worth $16.5B, with Other business services ($6.29B), Transportation ($4.55B), and Travel ($1.79B) being the largest in terms of value.

Comparison: In 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B). That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Latest Trends

October, 2024

About

Overview In October 2024, Netherlands exported €6.59B and imported €4.97B from Belgium, resulting in a positive trade balance of €1.62B. Between October 2023 and October 2024 the exports of Netherlands have increased by €308M (4.91%) from €6.28B to €6.59B, while imports increased by €283M (6.04%) from €4.68B to €4.97B.

Trade In October 2024, the top exports of Netherlands to Belgium were Petroleum oils and oils obtained from... (€733M), Petroleum oils and oils obtained from... (€486M), Miscellaneous chemical products, n.e.s. (€294M), Undefined (€242M), and Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€133M). In October 2024 the top imports of Netherlands from Belgium were Petroleum oils and oils obtained from... (€368M), Medicaments (including veterinary medicaments) (€247M), Parts and accessories of the motor... (€172M), Motor cars and other motor vehicles... (€158M), and Miscellaneous chemical products, n.e.s. (€152M).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)€308M(4.91%)
IMPORT GROWTH (October 2023 - October 2024)€283M(6.04%)

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 Belgium and Netherlands trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belgium and Netherlands Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Netherlands exported $87B to Belgium. The main products exported from Netherlands to Belgium were Crude Petroleum ($20.8B), Refined Petroleum ($7.09B), and Cars ($2.98B). During the last 5 years the exports of Netherlands to Belgium have increased at an annualized rate of 4.03%, from $71.4B in 2018 to $87B in 2023.

In 2018, Belgium exported $67.3B to Netherlands. The main products exported from Belgium to Netherlands were Refined Petroleum ($7.85B), Petroleum Gas ($4.58B), and Packaged Medicaments ($4.23B). During the last 5 years the exports of Belgium to Netherlands have increased at an annualized rate of 5.55%, from $51.4B in 2023 to $67.3B in 2018.

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

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

Market Competitiveness

Color
Netherlands
Top DestinationGermany$96.9B
Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Netherlands than Belgium included Germany ($96.9B), China ($18B), and Spain ($21B).

In 2023, countries that imported more from Belgium than Netherlands included France ($85.6B), Luxembourg ($6.65B), and Nigeria ($5.34B).

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

Comparative Advantage Netherlands - Belgium

Flow
Scale

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

During 2023, Netherlands had a large net trade with Belgium in the exports of Mineral Products ($33.8B), Machines ($10.2B), and Chemical Products ($8.21B).

During 2018, Belgium had a large net trade with Netherlands in the exports of Mineral Products ($16.1B), Chemical Products ($12.5B), and Foodstuffs ($5.91B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Belgium+$1.42BRefined Petroleum
Top Product Potential Belgium Netherlands+$1.48BRefined 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

In 2020, Netherlands exported services to Belgium worth $11.6B, with Other business services ($4.31B), Transportation ($3.09B), and Travel ($1.18B) being the largest in terms of value.

In 2020, Belgium exported services to Netherlands worth $16.5B, with Other business services ($6.29B), Transportation ($4.55B), and Travel ($1.79B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Netherlands (Flag) to Belgium (Flag) (2020)

Services Exports from Belgium (Flag) to Netherlands (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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