2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP
$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 125 / 186
2022
Flag
GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
GDP PC
$55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH
11.8%CURRENT US$
Rnk 110 / 186

About

Russia-Netherlands Trade: In 2022, Russia exported $17.4B to Netherlands. The main products that Russia exported to Netherlands were Crude Petroleum ($9.25B), Petroleum Gas ($2.94B), and Refined Petroleum ($2.24B). Over the past 5 years the exports of Russia to Netherlands have decreased at an annualized rate of 13.8%, from $36.7B in 2017 to $17.4B in 2022.

In 2020, Russia exported services to Netherlands worth $1.59B, with Other business services ($669M), Transportation ($381M), and Construction services ($254M) being the largest in terms of value.

Netherlands-Russia Trade: In 2022, Netherlands exported $3.82B to Russia. The main products that Netherlands exported to Russia were Packaged Medicaments ($627M), Medical Instruments ($312M), and Orthopedic Appliances ($227M). Over the past 5 years the exports of Netherlands to Russia have decreased at an annualized rate of 3.34%,  from $5.75B in 2017 to $3.82B in 2022.

In 2020, Netherlands exported services to Russia worth $1.78B, with Other business services ($696M), Royalties and license fees ($394M), and Construction services ($267M) being the largest in terms of value.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $17.4B to Netherlands. The main products exported from Russia to Netherlands were Crude Petroleum ($9.25B), Petroleum Gas ($2.94B), and Refined Petroleum ($2.24B). During the last 5 years the exports of Russia to Netherlands have decreased at an annualized rate of 13.8%, from $36.7B in 2017 to $17.4B in 2022.

In 2017, Netherlands exported $3.82B to Russia. The main products exported from Netherlands to Russia were Packaged Medicaments ($627M), Medical Instruments ($312M), and Orthopedic Appliances ($227M). During the last 5 years the exports of Netherlands to Russia have decreased at an annualized rate of 3.34%, from $5.75B in 2022 to $3.82B in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Netherlands
Top Destination
Germany$131B

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

In 2022, countries that imported more from Russia than Netherlands included China ($101B), India ($40.4B), and Turkey ($25.3B).

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

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

Comparative Advantage Russia - Netherlands

Flow
Scale

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

During 2022, Russia had a large net trade with Netherlands in the exports of Mineral Products ($15.2B), Metals ($1.53B), and Chemical Products ($298M).

During 2017, Netherlands had a large net trade with Russia in the exports of Chemical Products ($1.01B), Instruments ($634M), and Machines ($590M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Netherlands+$2.03BPetroleum Gas
Top Product Potential Netherlands Russia+$180MPackaged Medicaments

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, Russia exported services to Netherlands worth $1.59B, with Other business services ($669M), Transportation ($381M), and Construction services ($254M) being the largest in terms of value.

In 2020, Netherlands exported services to Russia worth $1.78B, with Other business services ($696M), Royalties and license fees ($394M), and Construction services ($267M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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