Netherlands Exports Frequent High Surges Since COVID-19 Inception In 2020

29 October 2022

The Netherlands is a relatively small country with near about 17 million inhabitants, making it the second largest densely populated country in the European Union and considered the sixteenth largest populated country in the world. Despite being a small country that the country is regarded as, the exports of the Netherlands have skyrocketed since the inception of the pandemic, COVID-19, which struck the world in near about March 2020 and was discovered at the beginning of 2020.

Netherlands Exports – Historical

The yearly exports of the Netherlands featured below show the total value of exports registered in the past five years. In 2017, the exports amounted to $527.9 billion, followed by $587.8 and $576.7 billion in 2018 and 2019 respectively. 2020 amounted to $551.3 billion and $693.8 billion in 2021. As evident in the shown data, the exports in 2021 surged significantly higher than in 2020.

Netherlands Top Export Partners

As per the Netherlands export data 2021, the top export partners for the Netherlands are—Germany (22.7%), followed by Belgium (10.7%), France (8.1%), the USA (4.8%), Italy (4.3%), Spain (3.1%), Poland (3.1%), China (2.4%), Sweden (2%), and Taipei, Chinese (1.7%).

Netherlands Commodities’ Exports

These are the top 10 exports of the Netherlands - Refined Petroleum ($52.2 billion), followed by Semiconductor Manufacturing Apparatus ($20 billion), Phones ($19.2 billion), Mixed/Unmixed Medicines ($19.2 billion), Medical & Other Apparatus ($15.4 billion), and other top exported commodities as shown in the Netherlands exports 2021.

Netherlands Exports – Quarterly Trend

The quarterly exports of the Netherlands are featured below, ranging from the first quarter of 2020 to the second quarter of 2022, representing the export trend till now, as per available data. The first quarter of 2020 amounted to $172.1 billion when COVID-19 was only discovered.

In March 2020, it struck the world and countries struggled to grapple out of it. Hence, in Q2-2020, the exports amounted to $144.2 billion, showing a downward trend with a percentile decrease of 16%, followed by an increase of 15.7% in the next following quarter (Q3-2020).

Following the third quarter of 2020, till the second quarter of 2022, the exports have grown frequently in the following trend: Q4-2020 (14.8%), Q1-2021 (2.4%), Q2-2021 (4.4%), Q3-2021 (1.7%), Q4-2021 (8.3%), Q1-2022 (2%), and Q1-2022 (6.3%).