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2022
Flag → Flag
Exports $94.3BRnk 2 / 224
2022
Flag → Flag
Top Product $14.5BCrude Petroleum
2022
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Exports $65.7BRnk 3 / 222
2022
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Top Product $13.1BPetroleum Gas
2022
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Economic Complexity (ECI) ECI 1.11Rnk 23 / 133
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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GDP$991BCURRENT US$
Rnk 18 / 186
2012-2022
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GDP GROWTH18.1%CURRENT US$
Rnk 125 / 186
2022
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 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $55,985CURRENT US$
Rnk 12 / 186
2012-2022
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GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186
2022
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GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Netherlands-Belgium Trade: In 2022, Netherlands exported $94.3B to Belgium. The main products that Netherlands exported to Belgium were Crude Petroleum ($14.5B), Refined Petroleum ($10B), and Petroleum Gas ($7.74B). Over the past 5 years the exports of Netherlands to Belgium have increased at an annualized rate of 10.1%, from $58.2B in 2017 to $94.3B in 2022.

In 2020, Netherlands exported services to Belgium worth $11.6B, with Other business services ($4.31B), Transportation ($3.09B), and Travel ($1.18B) being the largest in terms of value.

Belgium-Netherlands Trade: In 2022, Belgium exported $65.7B to Netherlands. The main products that Belgium exported to Netherlands were Petroleum Gas ($13.1B), Refined Petroleum ($6.84B), and Packaged Medicaments ($2.08B). Over the past 5 years the exports of Belgium to Netherlands have increased at an annualized rate of 12.3%,  from $36.9B in 2017 to $65.7B in 2022.

In 2020, Belgium exported services to Netherlands worth $16.5B, with Other business services ($6.29B), Transportation ($4.55B), and Travel ($1.79B) 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Latest Trends

October, 2022

About

Overview In October 2022, Netherlands exported €6B and imported €5.7B from Belgium, resulting in a positive trade balance of €302M. Between October 2021 and October 2022 the exports of Netherlands have increased by €870M (17%) from €5.13B to €6B, while imports increased by €1.09B (23.6%) from €4.61B to €5.7B.

Trade In October 2022, the top exports of Netherlands to Belgium were Petroleum oils and oils obtained from... (€431M), Hydrocarbons, n.e.s., and their halogenated, sulphonated,... (€172M), Miscellaneous chemical products, n.e.s. (€166M), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€116M), and Feeding stuff for animals (not including... (€99M). In October 2022 the top imports of Netherlands from Belgium were Petroleum oils and oils obtained from... (€403M), Motor cars and other motor vehicles... (€167M), Parts and accessories of the motor... (€108M), Miscellaneous chemical products, n.e.s. (€85M), and Hydrocarbons, n.e.s., and their halogenated, sulphonated,... (€70M).

Growth In October 2022, the increase in Netherlands's year-by-year exports to Belgium was explained primarily by an increase in product exports in Miscellaneous chemical products, n.e.s. (€56M or 50.9%), Thermionic, cold cathode or photo-cathode valves... (€24M or 120%), and Hydrocarbons, n.e.s., and their halogenated, sulphonated,... (€23M or 15.4%). In October 2022, the increase in Netherlands's year-by-year imports  from Belgium was explained primarily by an increase in product imports  in Motor cars and other motor vehicles... (€45M or 36.9%), Alcohols, phenols, phenol-alcohols, and their halogenated,... (€12M or 34.3%), and Medicinal and pharmaceutical products, other than... (€11M or 21.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2021 - October 2022)€870M(17%)
IMPORT GROWTH (October 2021 - October 2022)€1.09B(23.6%)

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 Belgium and Netherlands trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belgium and Netherlands Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Netherlands exported $94.3B to Belgium. The main products exported from Netherlands to Belgium were Crude Petroleum ($14.5B), Refined Petroleum ($10B), and Petroleum Gas ($7.74B). During the last 5 years the exports of Netherlands to Belgium have increased at an annualized rate of 10.1%, from $58.2B in 2017 to $94.3B in 2022.

In 2017, Belgium exported $65.7B to Netherlands. The main products exported from Belgium to Netherlands were Petroleum Gas ($13.1B), Refined Petroleum ($6.84B), and Packaged Medicaments ($2.08B). During the last 5 years the exports of Belgium to Netherlands have increased at an annualized rate of 12.3%, from $36.9B in 2022 to $65.7B in 2017.

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

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

Market Competitiveness

Color
Netherlands
Top DestinationGermany$131B
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Netherlands than Belgium included Germany ($131B), United Kingdom ($38.2B), and Chinese Taipei ($16B).

In 2022, countries that imported more from Belgium than Netherlands included France ($71.1B), Luxembourg ($7.67B), and Japan ($8.82B).

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

Comparative Advantage Netherlands - Belgium

Flow
Scale

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

During 2022, Netherlands had a large net trade with Belgium in the exports of Mineral Products ($37.2B), Chemical Products ($12.4B), and Machines ($9.36B).

During 2017, Belgium had a large net trade with Netherlands in the exports of Mineral Products ($23.3B), Chemical Products ($9.58B), and Foodstuffs ($4.83B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Belgium+$1.42BRefined Petroleum
Top Product Potential Belgium Netherlands+$1.48BRefined 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 Belgium worth $11.6B, with Other business services ($4.31B), Transportation ($3.09B), and Travel ($1.18B) being the largest in terms of value.

In 2020, Belgium exported services to Netherlands worth $16.5B, with Other business services ($6.29B), Transportation ($4.55B), and Travel ($1.79B) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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