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2022
Flag → Flag
Exports $94.3BRnk 2 / 224
2022
Flag → Flag
Top Product $14.5BCrude Petroleum
2022
Flag → Flag
Exports $65.7BRnk 3 / 222
2022
Flag → Flag
Top Product $13.1BPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
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GDP GROWTH18.1%CURRENT US$
Rnk 125 / 186
2022
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 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $55,985CURRENT US$
Rnk 12 / 186
2012-2022
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GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186
2022
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GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Netherlands-Belgium Trade: In 2022, Netherlands exported $94.3B to Belgium. The main products that Netherlands exported to Belgium were Crude Petroleum ($14.5B), Refined Petroleum ($10B), and Petroleum Gas ($7.74B). Over the past 5 years the exports of Netherlands to Belgium have increased at an annualized rate of 10.1%, from $58.2B in 2017 to $94.3B in 2022.

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 2022, Belgium exported $65.7B to Netherlands. The main products that Belgium exported to Netherlands were Petroleum Gas ($13.1B), Refined Petroleum ($6.84B), and Packaged Medicaments ($2.08B). Over the past 5 years the exports of Belgium to Netherlands have increased at an annualized rate of 12.3%,  from $36.9B in 2017 to $65.7B in 2022.

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 2022,  Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Latest Trends

July, 2024

About

Overview In July 2024, Netherlands exported €6.25B and imported €4.53B from Belgium, resulting in a positive trade balance of €1.72B. Between July 2023 and July 2024 the exports of Netherlands have increased by €768M (14%) from €5.48B to €6.25B, while imports decreased by €-114M (-2.46%) from €4.64B to €4.53B.

Trade In July 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 July 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 (July 2023 - July 2024)€768M(14%)
IMPORT GROWTH (July 2023 - July 2024)€-114M(-2.46%)

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 2022, Netherlands exported $94.3B to Belgium. The main products exported from Netherlands to Belgium were Crude Petroleum ($14.5B), Refined Petroleum ($10B), and Petroleum Gas ($7.74B). During the last 5 years the exports of Netherlands to Belgium have increased at an annualized rate of 10.1%, from $58.2B in 2017 to $94.3B in 2022.

In 2017, Belgium exported $65.7B to Netherlands. The main products exported from Belgium to Netherlands were Petroleum Gas ($13.1B), Refined Petroleum ($6.84B), and Packaged Medicaments ($2.08B). During the last 5 years the exports of Belgium to Netherlands have increased at an annualized rate of 12.3%, from $36.9B in 2022 to $65.7B in 2017.

Exports from Netherlands (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to Netherlands (Flag) (2022)

Market Competitiveness

Color
Netherlands
Top DestinationGermany$131B
Belgium
Top DestinationGermany$91.9B

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 2022, countries that imported more from Netherlands than Belgium included Germany ($131B), United Kingdom ($38.2B), and Chinese Taipei ($16B).

In 2022, countries that imported more from Belgium than Netherlands included France ($71.1B), Luxembourg ($7.67B), and Japan ($8.82B).

Difference in imports from Belgium (Flag) and Netherlands (Flag) (2022)

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 2022, Netherlands had a large net trade with Belgium in the exports of Mineral Products ($37.2B), Chemical Products ($12.4B), and Machines ($9.36B).

During 2017, Belgium had a large net trade with Netherlands in the exports of Mineral Products ($23.3B), Chemical Products ($9.58B), and Foodstuffs ($4.83B).

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) (2022)

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