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2023
Flag → Flag
Exports $535MRnk 66 / 224
2023
Flag → Flag
Top Product $86.1MScrap Iron
2023
Flag → Flag
Exports $672MRnk 15 / 159
2023
Flag → Flag
Top Product $604MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.08Rnk 26 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag  
GDP$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 195
2023
Flag
GDP PC $64,572CURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 96 / 195
2023
Flag
GDP PC$33,730CURRENT US$
Rnk 39 / 196
2013-2023
Flag
GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195

About

Netherlands-Kuwait Trade: In 2023, Netherlands exported $535M to Kuwait. The main products that Netherlands exported to Kuwait were Scrap Iron ($86.1M), Concentrated Milk ($77.8M), and Other Frozen Vegetables ($41.8M). Over the past 5 years the exports of Netherlands to Kuwait have decreased at an annualized rate of 7.65%, from $797M in 2018 to $535M in 2023.

In 2023, Netherlands did not export any services to Kuwait.

Kuwait-Netherlands Trade: In 2023, Kuwait exported $672M to Netherlands. The main products that Kuwait exported to Netherlands were Refined Petroleum ($604M), Crude Petroleum ($46.7M), and Inedible Fats and Oils ($5.41M). Over the past 5 years the exports of Kuwait to Netherlands have decreased at an annualized rate of 16%,  from $1.61B in 2018 to $672M in 2023.

In 2023, Kuwait did not export any services to Netherlands.

Comparison: In 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B). That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Latest Trends

November, 2024

About

Overview In November 2024, Netherlands exported €44M and imported €199M from Kuwait, resulting in a negative trade balance of €155M. Between November 2023 and November 2024 the exports of Netherlands have decreased by €-7M (-13.7%) from €51M to €44M, while imports increased by €172M (637%) from €27M to €199M.

Trade In November 2024, the top exports of Netherlands to Kuwait were Ferrous waste and scrap; remelting scrap... (€14M), Medicaments (including veterinary medicaments) (€9M), Milk and cream and milk products... (€8M), Instruments and appliances, n.e.s., for medical,... (€6M), and Perfumery, cosmetic or toilet preparations (excluding... (€5M). In November 2024 the top imports of Netherlands from Kuwait were Petroleum oils and oils obtained from... (€49M) and Animal or vegetable fats and oils,... (€1M).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-7M(-13.7%)
IMPORT GROWTH (November 2023 - November 2024)€172M(637%)

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 Kuwait and Netherlands trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kuwait and Netherlands Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Netherlands exported $535M to Kuwait. The main products exported from Netherlands to Kuwait were Scrap Iron ($86.1M), Concentrated Milk ($77.8M), and Other Frozen Vegetables ($41.8M). During the last 5 years the exports of Netherlands to Kuwait have decreased at an annualized rate of 7.65%, from $797M in 2018 to $535M in 2023.

In 2018, Kuwait exported $672M to Netherlands. The main products exported from Kuwait to Netherlands were Refined Petroleum ($604M), Crude Petroleum ($46.7M), and Inedible Fats and Oils ($5.41M). During the last 5 years the exports of Kuwait to Netherlands have decreased at an annualized rate of 16%, from $1.61B in 2023 to $672M in 2018.

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

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

Market Competitiveness

Color
Netherlands
Top DestinationGermany$96.9B
Kuwait
Top DestinationChina$17.4B

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

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

In 2023, countries that imported more from Kuwait than Netherlands included India ($9.51B), Japan ($9.13B), and Pakistan ($2.13B).

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

Comparative Advantage Netherlands - Kuwait

Flow
Scale

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

During 2023, Netherlands had a large net trade with Kuwait in the exports of Foodstuffs ($107M), Metals ($90.9M), and Animal Products ($90.8M).

During 2018, Kuwait had a large net trade with Netherlands in the exports of Mineral Products ($650M), Animal and Vegetable Bi-Products ($5.41M), and Transportation ($5.08M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Kuwait+$20.3MPackaged Medicaments
Top Product Potential Kuwait Netherlands+$164MRefined 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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Economic Complexity

Competitive Landscape

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

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

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