Netherlands is the 7th largest export partner of Estonia. In 2022, Estonia's exports to Netherlands amounted to €844M and imports from Netherlands to €1.03B, resulting in negative trade balance of €191M.
In 2022, Estonia's exports to Netherlands amounted to €844M, making it the 7th largest export partner in the world. Compared to the previous year, exports from Estonia to Netherlands experienced decline at an annualized rate of 23.8%, from €1.11B in 2021 to €844M in 2022. Most recently, exports were led by oils and other products of coal tar, which represent 27.8% of the total exports to Netherlands, followed by hydrometers, areometers and similar floating instr..., which account for 4.53%.
In 2022, Estonia's imports from Netherlands ammounted to €1.03B, making it the 8th largest import partner in the world. Compared to the previous year, imports from Netherlands to Estonia experienced growth at an annualized rate of 27.1%, from €814M in 2021 to €1.03B in 2022. Most recently, imports were led by packaged medicaments, which represent 8% of the total imports from Netherlands, followed by refined petroleum products, which account for 8%.
As of 2022 December, Estonia had negative trade balance of €17.2M with Netherlands. In 2021 December, it had negative trade balance of €1.74M.