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Trade between the Netherlands and Singapore

In 2024, the Netherlands exported $2.8 billion to Singapore and imported $4.6 billion. The Netherlands ran a deficit of $1.8 billion with Singapore, compared with a deficit of $2.9 billion in 2019. Singapore was the Netherlands’ 32nd largest trading partner (0.6% of its trade), and the Netherlands was Singapore’s 21st (1%).

Summary

Netherlands → Singapore
$2.8billion
Singapore → Netherlands
$4.6billion
The Netherlands’ balance
-$1.8billion

Balance

The Netherlands’ trade balance with Singapore

Trade between the Netherlands and Singapore grew 2.1-fold since 1995

USD billions (current). The Netherlands’ exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 2.8
  • Imports 4.6
  • Balance -1.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.2 billion$2.3 billion-$1.1 billion
1996$1.2 billion$1.8 billion-$566 million
1997$1.1 billion$1.7 billion-$521 million
1998$861 million$2.2 billion-$1.4 billion
1999$815 million$2.4 billion-$1.6 billion
2000$1.3 billion$2.4 billion-$1.1 billion
2001$1.1 billion$2.1 billion-$1 billion
2002$1.2 billion$2.2 billion-$961 million
2003$1.1 billion$3.2 billion-$2.1 billion
2004$1.6 billion$3.4 billion-$1.8 billion
2005$1.6 billion$3.8 billion-$2.2 billion
2006$1.8 billion$4.4 billion-$2.5 billion
2007$2.7 billion$3.8 billion-$1.2 billion
2008$3.8 billion$4.1 billion-$274 million
2009$3 billion$3.3 billion-$329 million
2010$5 billion$3.6 billion$1.4 billion
2011$6.8 billion$4.8 billion$2 billion
2012$7.6 billion$4.5 billion$3 billion
2013$5.4 billion$4 billion$1.4 billion
2014$4.4 billion$4.3 billion$90 million
2015$3.9 billion$2.5 billion$1.4 billion
2016$3.6 billion$4.6 billion-$1 billion
2017$5.5 billion$6.3 billion-$840 million
2018$6.5 billion$6 billion$425 million
2019$3 billion$5.9 billion-$2.9 billion
2020$2.2 billion$4.7 billion-$2.5 billion
2021$2.8 billion$5.5 billion-$2.7 billion
2022$3.2 billion$5.5 billion-$2.3 billion
2023$3.1 billion$4.9 billion-$1.8 billion
2024$2.8 billion$4.6 billion-$1.8 billion

What they sell each other

What the Netherlands sells to Singapore

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$849 million · 30.4%
    1.1 million tonnes · the Netherlands’ destinations
  2. Other industrial machines$297 million · 10.6%
    1 thousand tonnes
  3. Turbojets and gas turbines$74 million · 2.7%
    86 tonnes · the Netherlands’ destinations
  4. Orthopedic and hearing devices$66 million · 2.4%
    66 tonnes
  5. Cameras and broadcast equipment$57 million · 2%
    335 tonnes
  6. Chemically modified fats and oils$56 million · 2%
    55 thousand tonnes
  7. Computers$53 million · 1.9%
    259 tonnes · the Netherlands’ destinations
  8. Lard and poultry fat$50 million · 1.8%
    45 thousand tonnes
  9. Catalysts$44 million · 1.6%
    1 thousand tonnes
  10. Physical and chemical analysis instruments$40 million · 1.4%
    94 tonnes

What Singapore sells to the Netherlands

The top 10 headings in 2024, with their share of the total.

  1. Turbojets and gas turbines$632 million · 13.8%
    342 tonnes · Singapore’s destinations
  2. Orthopedic and hearing devices$546 million · 11.9%
    440 tonnes
  3. Microchips$505 million · 11%
    110 tonnes · Singapore’s destinations
  4. Physical and chemical analysis instruments$312 million · 6.8%
    639 tonnes
  5. Cameras and broadcast equipment$270 million · 5.9%
    1 thousand tonnes
  6. Other plastic articles$245 million · 5.3%
    956 tonnes
  7. Refined petroleum$187 million · 4.1%
    245 thousand tonnes · Singapore’s destinations
  8. Massage and respiratory therapy devices$179 million · 3.9%
    2 thousand tonnes
  9. Medical and dental instruments$148 million · 3.2%
    884 tonnes · Singapore’s destinations
  10. Medicines in measured doses or retail packs$140 million · 3.1%
    418 tonnes · Singapore’s destinations

How it travels

Estimated sea route from Rotterdam to Singapore.

The estimated sea route between Rotterdam and Singapore is 12,025 nautical miles (22,270 km) long: ≈ 28–36 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Dover, the Cape of Good Hope and the Strait of Malacca and Singapore (12,025 nautical miles); and 15% via the Strait of Dover, the Strait of Gibraltar, the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (8,572 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$2.5 billion · 34.5%
  2. Air$4.8 billion · 65.5%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Singapore was the Netherlands’ 32nd largest trading partner (0.6% of its trade), and the Netherlands was Singapore’s 21st (1%).

Singapore in the Netherlands’ trade
0.6%
Singapore’s rank among the Netherlands’ partners
32nd
The Netherlands in Singapore’s trade
1%
The Netherlands’ rank among Singapore’s partners
21st

Compare with

Other partners of the Netherlands

Other partners of Singapore

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.