Country intelligence · NLD · 2024

Netherlands trade profile

In 2024, Netherlands recorded $603.6B in merchandise exports and $645.6B in imports, producing a $42.0B trade deficit. Exports changed -8.0% from the previous year, while imports changed -4.7%.[1]

Exports

$603.6B

-8.0%

Imports

$645.6B

-4.7%

Trade balance

-$42.0B

deficit

Active partners

270

108 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$603.6B$645.6B-$42.0B-8.0%
2023$656.2B$677.6B-$21.4B-4.1%
2022$684.3B$733.0B-$48.6B+7.9%
2021$634.4B$638.2B-$3.8B+26.0%
2020$503.6B$496.5B$7.1B-3.2%
2019$520.2B$534.8B-$14.5B-3.3%
2018$537.9B$550.7B-$12.7B+12.8%
2017$476.8B$484.4B-$7.6B+10.6%
2016$431.0B$431.4B-$360.1M+0.0%
2015$430.9B$443.4B-$12.5B-18.0%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 27 · Mineral fuels and oils

43 active HS6 lines · 180 export partners

$92.0B
2

HS 84 · Machinery

515 active HS6 lines · 197 export partners

$83.1B
3

HS 85 · Electrical machinery

262 active HS6 lines · 196 export partners

$47.7B
4

HS 30 · Pharmaceutical products

43 active HS6 lines · 194 export partners

$32.8B
5

HS 90 · HS chapter

142 active HS6 lines · 194 export partners

$30.8B
6

HS 87 · Vehicles

87 active HS6 lines · 190 export partners

$25.0B
7

HS 39 · HS chapter

129 active HS6 lines · 194 export partners

$24.2B
8

HS 29 · Organic chemicals

377 active HS6 lines · 178 export partners

$17.8B

Leading export markets

Destinations rank bilateral export flows from Netherlands; growth describes each corridor rather than the whole economy.

1

Germany

Annual change -10.7% · 3-year CAGR -4.1%

$111.0B
2

Belgium

Annual change -1.0% · 3-year CAGR 5.7%

$93.4B
3

France

Annual change -34.2% · 3-year CAGR -10.7%

$42.5B
4

United States

Annual change -4.4% · 3-year CAGR 1.6%

$35.4B
5

Italy

Annual change -1.9% · 3-year CAGR 3.0%

$34.5B
6

United Kingdom

Annual change -7.6% · 3-year CAGR -11.0%

$30.2B
7

Spain

Annual change -3.3% · 3-year CAGR 0.8%

$21.2B
8

China

Annual change +13.2% · 3-year CAGR 10.3%

$19.7B

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.