2023
Flag  
GDP
$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH
30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC 
$64,572CURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 96 / 195
2023
Flag
GDP PC
$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195

About

Netherlands-Italy Trade: In 2023, Netherlands exported $38.1B to Italy. The main products that Netherlands exported to Italy were Broadcasting Equipment ($1.71B), Computers ($1.56B), and Vaccines, blood, antisera, toxins and cultures ($1.47B). Over the past 5 years the exports of Netherlands to Italy have increased at an annualized rate of 7.73%, from $26.2B in 2018 to $38.1B in 2023.

In 2020, Netherlands exported services to Italy worth $5.96B, with Other business services ($1.96B), Transportation ($1.64B), and Royalties and license fees ($1.37B) being the largest in terms of value.

Italy-Netherlands Trade: In 2023, Italy exported $17.7B to Netherlands. The main products that Italy exported to Netherlands were Vaccines, blood, antisera, toxins and cultures ($1.52B), Refined Petroleum ($786M), and Packaged Medicaments ($635M). Over the past 5 years the exports of Italy to Netherlands have increased at an annualized rate of 6.46%,  from $13B in 2018 to $17.7B in 2023.

In 2020, Italy exported services to Netherlands worth $2.96B, with Other business services ($1.44B), Travel ($884M), and Communications services ($171M) 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Netherlands exported $38.1B to Italy. The main products exported from Netherlands to Italy were Broadcasting Equipment ($1.71B), Computers ($1.56B), and Vaccines, blood, antisera, toxins and cultures ($1.47B). During the last 5 years the exports of Netherlands to Italy have increased at an annualized rate of 7.73%, from $26.2B in 2018 to $38.1B in 2023.

In 2018, Italy exported $17.7B to Netherlands. The main products exported from Italy to Netherlands were Vaccines, blood, antisera, toxins and cultures ($1.52B), Refined Petroleum ($786M), and Packaged Medicaments ($635M). During the last 5 years the exports of Italy to Netherlands have increased at an annualized rate of 6.46%, from $13B in 2023 to $17.7B in 2018.

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

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

Market Competitiveness

Color
Netherlands
Top Destination
Germany$96.9B
Italy
Top Destination
Germany$71.4B

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

In 2023, countries that imported more from Netherlands than Italy included Belgium ($87B), Germany ($96.9B), and Sweden ($17.6B).

In 2023, countries that imported more from Italy than Netherlands included United States ($70.9B), Switzerland ($29.3B), and Turkey ($15.1B).

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

Comparative Advantage Netherlands - Italy

Flow
Scale

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

During 2023, Netherlands had a large net trade with Italy in the exports of Machines ($10.5B), Chemical Products ($6.58B), and Instruments ($3.27B).

During 2018, Italy had a large net trade with Netherlands in the exports of Machines ($3.88B), Chemical Products ($3.85B), and Metals ($1.41B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Italy+$298MRefined Petroleum
Top Product Potential Italy Netherlands+$372MRefined 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 Italy worth $5.96B, with Other business services ($1.96B), Transportation ($1.64B), and Royalties and license fees ($1.37B) being the largest in terms of value.

In 2020, Italy exported services to Netherlands worth $2.96B, with Other business services ($1.44B), Travel ($884M), and Communications services ($171M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Italy (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 Italy. This means that a dot/product with the flag of Netherlands indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Netherlands.

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

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