Netherlands (NLD) and Ireland (IRL) Trade

2022

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Exports $7.03BRnk 16 / 224

2022

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About

Netherlands-Ireland Trade: In 2022, Netherlands exported $7.03B to Ireland. The main products that Netherlands exported to Ireland were Computers ($494M), Packaged Medicaments ($311M), and Refined Petroleum ($302M). Over the past 5 years the exports of Netherlands to Ireland have increased at an annualized rate of 12.5%, from $3.89B in 2017 to $7.03B in 2022.

In 2020, Netherlands exported services to Ireland worth $13.8B, with Computer and information services ($5.95B), Other business services ($3.36B), and Royalties and license fees ($2.26B) being the largest in terms of value.

Ireland-Netherlands Trade: In 2022, Ireland exported $12.6B to Netherlands. The main products that Ireland exported to Netherlands were Medical Instruments ($2.28B), Vaccines, blood, antisera, toxins and cultures ($2.04B), and Packaged Medicaments ($1.26B). Over the past 5 years the exports of Ireland to Netherlands have increased at an annualized rate of 14.1%, from $6.51B in 2017 to $12.6B in 2022.

In 2020, Ireland exported services to Netherlands worth $2.66B, with Financial services ($1.28B), Other business services ($1.1B), and Insurance services ($168M) 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Latest Trends

October, 2022

About

Overview In October 2022, Netherlands exported €625M and imported €1.05B from Ireland, resulting in a negative trade balance of €426M. Between October 2021 and October 2022 the exports of Netherlands have increased by €113M (22.1%) from €512M to €625M, while imports increased by €92M (9.59%) from €959M to €1.05B.

Trade In October 2022, the top exports of Netherlands to Ireland were Automatic data-processing machines and units thereof;... (€54M), Miscellaneous chemical products, n.e.s. (€26M), Medicinal and pharmaceutical products, other than... (€25M), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€21M), and Medicaments (including veterinary medicaments) (€15M). In October 2022 the top imports of Netherlands from Ireland were Instruments and appliances, n.e.s., for medical,... (€124M), Thermionic, cold cathode or photo-cathode valves... (€73M), Miscellaneous manufactured articles, n.e.s. (€68M), Medicaments (including veterinary medicaments) (€65M), and Automatic data-processing machines and units thereof;... (€55M).

Growth In October 2022, the increase in Netherlands's year-by-year exports to Ireland was explained primarily by an increase in product exports in Miscellaneous chemical products, n.e.s. (€16M or 160%), Feeding stuff for animals (not including... (€9M or 300%), and Automatic data-processing machines and units thereof;... (€9M or 20%). In October 2022, the increase in Netherlands's year-by-year imports from Ireland was explained primarily by an increase in product imports in Medicaments (including veterinary medicaments) (€16M or 32.7%), Automatic data-processing machines and units thereof;... (€11M or 25%), and Meat of bovine animals, fresh, chilled... (€2M or 16.7%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2021 - October 2022)€113M(22.1%)

IMPORT GROWTH (October 2021 - October 2022)€92M(9.59%)

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 Ireland and Netherlands trade dynamics, check the bilateral page.

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Explore Ireland and Netherlands Data

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Netherlands exported $7.03B to Ireland. The main products exported from Netherlands to Ireland were Computers ($494M), Packaged Medicaments ($311M), and Refined Petroleum ($302M). During the last 5 years the exports of Netherlands to Ireland have increased at an annualized rate of 12.5%, from $3.89B in 2017 to $7.03B in 2022.

In 2017, Ireland exported $12.6B to Netherlands. The main products exported from Ireland to Netherlands were Medical Instruments ($2.28B), Vaccines, blood, antisera, toxins and cultures ($2.04B), and Packaged Medicaments ($1.26B). During the last 5 years the exports of Ireland to Netherlands have increased at an annualized rate of 14.1%, from $6.51B in 2022 to $12.6B in 2017.

Exports from Netherlands () to Ireland () (2022)

Exports from Ireland () to Netherlands () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Netherlands
Top DestinationGermany$131B

Ireland
Top DestinationUnited States$70.7B

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

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

In 2022, countries that imported more from Ireland than Netherlands included United States ($70.7B), China ($16.7B), and Japan ($6.24B).

Difference in imports from Ireland () and Netherlands () (2022)

Comparative Advantage Netherlands - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Netherlands had a large net trade with Ireland in the exports of Machines ($1.66B), Chemical Products ($1.22B), and Foodstuffs ($649M).

During 2017, Ireland had a large net trade with Netherlands in the exports of Chemical Products ($4.76B), Instruments ($3.91B), and Machines ($1.63B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Netherlands Ireland+$166MRefined Petroleum

Top Product Potential Ireland Netherlands+$237MVaccines, blood, antisera, toxins and cultures

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

Irl Year

Nld Year

In 2020, Ireland exported services to Netherlands worth $2.66B, with Financial services ($1.28B), Other business services ($1.1B), and Insurance services ($168M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Netherlands () to Ireland () (2020)

Services Exports from Ireland () to Netherlands () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of Netherlands () and Ireland () (2022)

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