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2022
Flag → Flag
Exports $3.5BRnk 34 / 224
2022
Flag → Flag
Top Product $434MCoal Tar Oil
2022
Flag → Flag
Exports $6.77BRnk 16 / 215
2022
Flag → Flag
Top Product $1.14BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 125 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Netherlands-Singapore Trade: In 2022, Netherlands exported $3.5B to Singapore. The main products that Netherlands exported to Singapore were Coal Tar Oil ($434M), Machinery Having Individual Functions ($335M), and Refined Petroleum ($196M). Over the past 5 years the exports of Netherlands to Singapore have decreased at an annualized rate of 11.4%, from $6.43B in 2017 to $3.5B in 2022.

In 2020, Netherlands exported services to Singapore worth $1.96B, with Other business services ($1.11B), Transportation ($379M), and Computer and information services ($198M) being the largest in terms of value.

Singapore-Netherlands Trade: In 2022, Singapore exported $6.77B to Netherlands. The main products that Singapore exported to Netherlands were Refined Petroleum ($1.14B), Integrated Circuits ($811M), and Orthopedic Appliances ($480M). Over the past 5 years the exports of Singapore to Netherlands have decreased at an annualized rate of 0.12%,  from $6.89B in 2017 to $6.77B in 2022.

In 2022, Singapore did not export any services to Netherlands.

Comparison: In 2022,  Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Latest Trends

July, 2024

About

Overview In July 2024, Netherlands exported €638M and imported €1.49B from Singapore, resulting in a negative trade balance of €847M. Between July 2023 and July 2024 the exports of Netherlands have increased by €148M (30.2%) from €490M to €638M, while imports increased by €457M (44.5%) from €1.03B to €1.49B.

Trade In July 2024, the top exports of Netherlands to Singapore were Undefined (€416M), Internal combustion piston engines, and parts... (€17M), Engines and motors, non-electric (other than... (€15M), Automatic data-processing machines and units thereof;... (€15M), and Structures and parts of structures, n.e.s.,... (€14M). In July 2024 the top imports of Netherlands from Singapore were Undefined (€924M), Petroleum oils and oils obtained from... (€93M), Thermionic, cold cathode or photo-cathode valves... (€32M), Miscellaneous manufactured articles, n.e.s. (€30M), and Instruments and appliances, n.e.s., for medical,... (€20M).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€148M(30.2%)
IMPORT GROWTH (July 2023 - July 2024)€457M(44.5%)

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 Singapore and Netherlands trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Singapore and Netherlands Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Netherlands exported $3.5B to Singapore. The main products exported from Netherlands to Singapore were Coal Tar Oil ($434M), Machinery Having Individual Functions ($335M), and Refined Petroleum ($196M). During the last 5 years the exports of Netherlands to Singapore have decreased at an annualized rate of 11.4%, from $6.43B in 2017 to $3.5B in 2022.

In 2017, Singapore exported $6.77B to Netherlands. The main products exported from Singapore to Netherlands were Refined Petroleum ($1.14B), Integrated Circuits ($811M), and Orthopedic Appliances ($480M). During the last 5 years the exports of Singapore to Netherlands have decreased at an annualized rate of 0.12%, from $6.89B in 2022 to $6.77B in 2017.

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

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

Market Competitiveness

Color
Netherlands
Top DestinationGermany$131B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Netherlands than Singapore included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

In 2022, countries that imported more from Singapore than Netherlands included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Netherlands - Singapore

Flow
Scale

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

During 2022, Netherlands had a large net trade with Singapore in the exports of Machines ($1.33B), Mineral Products ($642M), and Chemical Products ($431M).

During 2017, Singapore had a large net trade with Netherlands in the exports of Machines ($2.57B), Instruments ($1.28B), and Mineral Products ($1.17B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Singapore+$275MRefined Petroleum
Top Product Potential Singapore Netherlands+$266MRefined 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 Singapore. This means that a dot/product with the flag of Netherlands indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Netherlands.

Product Space of Netherlands (Flag) and Singapore (Flag) (2022)

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