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

About

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 0.35%, from $6.89B in 2017 to $6.77B in 2022.

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

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.

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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, 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 0.35%, from $6.89B in 2017 to $6.77B in 2022.

In 2017, 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 2022 to $3.5B in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Netherlands (Flag)

Singapore Exports

Netherlands Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Singapore - Netherlands

Flow
Scale

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

During 2022, Singapore had a large net trade with Netherlands in the exports of Machines ($2.57B), Instruments ($1.28B), and Mineral Products ($1.17B).

During 2017, Netherlands had a large net trade with Singapore in the exports of Machines ($1.33B), Mineral Products ($642M), and Chemical Products ($431M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Netherlands+$266MRefined Petroleum
Top Product Potential Netherlands Singapore+$275MRefined 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 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.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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