Date,
Time MSK

28.04.2016



Dutch-Russian Bilateral Trade in 2015


In 2015 Dutch-Russian bilateral trade volume decreased by 34% and reached 21.4 billion USD compared to 32.4 billion USD in 2014.


Dutch exports to Russia fell to 5.2 billion USD (by 37%) while imports fell to 16.2 billion USD (by 33%) (see Figure 1).



Figure 1. 2007-2015 Dutch-Russian bilateral trade turnover, billion USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Dutch-Russian bilateral trade turnover, billion USD.png


Dutch exports to Russia


Netherlands primarily exports to Russia the following products (see Figure 2, Table 1):


▪ Machinery, nuclear reactors, boilers, etc (23%)

▪ Electrical, electronic equipment (18%)

▪ Pharmaceutical products (7%)

▪ Optical, photo, technical, medical, etc apparatus (6%)

▪ Plastics and articles thereof (5%)

▪ Vehicles other than railway, tramway (5%)

▪ Live trees, plants, bulbs, roots, cut flowers etc (4%)

▪ Organic chemicals (2%)

▪ Miscellaneous chemical products (2%)

▪ Dairy products, eggs, honey, edible animal product nes (2%)

▪ Articles of iron or steel (2%)

▪ Cereal, flour, starch, milk preparations and products (1%)

▪ Residues, wastes of food industry, animal fodder (1%)

▪ Essential oils, perfumes, cosmetics, toileteries (1%)


In 2015 the imports of Dutch made products in Russia experienced a significant fall. The imports of dairy products, eggs, honey fell by 63%; the imports of vehicles other than railway, tramway- by 53%.



Figure 2. Structure of Dutch Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Dutch Exports to Russia in 2015.png



Table 1. Key products exported from Netherlands to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Dutch products

84

Machinery, nuclear reactors, boilers, etc

$1,960,736

$1,183,188

-40%

2.00

1.9

85

Electrical, electronic equipment

$1,138,841

$925,834

-19%

0.5

3.4

30

Pharmaceutical products

$637,070

$340,019

-47%

4.2

5.5

90

Optical, photo, technical, medical, etc apparatus

$532,083

$333,758

-37%

1.6

2.8

39

Plastics and articles thereof

$332,283

$248,747

-25%

3.2

7.2

87

Vehicles other than railway, tramway

$501,326

$235,477

-53%

1.00

12.6

06

Live trees, plants, bulbs, roots, cut flowers etc

$342,638

$217,562

-37%

38.8

18

29

Organic chemicals

$147,530

$106,551

-28%

3.8

3.4

38

Miscellaneous chemical products

$176,166

$102,009

-42%

2.6

4.3

04

Dairy products, eggs, honey, edible animal product nes

$224,870

$83,395

-63%

5.6

16

73

Articles of iron or steel

$115,273

$80,310

-30%

1.1

9.3

19

Cereal, flour, starch, milk preparations and products

$87,123

$69,473

-20%

8.6

11.7

23

Residues, wastes of food industry, animal fodder

$102,256

$68,882

-33%

8.9

4.9

33

Essential oils, perfumes, cosmetics, toileteries

$82,557

$66,159

-20%

1.1

9.7




Russian exports to Netherlands



In 2015 Russia has exported to Netherlands the following products (see Figure 3, Table 2):


▪ Mineral fuels, oils, distillation products, etc (80%)

▪ Aluminium and articles thereof (5%)

▪ Copper and articles thereof (4%)

▪ Nickel and articles thereof (3%)

▪ Iron and steel (2%)

▪ Fish, crustaceans, molluscs, aquatic invertebrates nes (1%)

▪ Wood and articles of wood, wood charcoal (1%)

▪ Organic chemicals (1%)


2015 showed a significant rise in Russian exports to Netherlands of copper and articles thereof (+4123%). At the same time the exports of cereals (-66%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to Netherlands in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Netherlands in 2015.png



Table 2. Key products exported from Russia to Netherlands in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

27

Mineral fuels, oils, distillation products, etc

$21,649,978

$12,993,377

-40%

19.8

76

Aluminium and articles thereof

$863,898

$870,122

1%

15.2

74

Copper and articles thereof

$15,622

$659,732

4123%

1

75

Nickel and articles thereof

$301,724

$563,628

87%

32.9

72

Iron and steel

$410,656

$270,949

-34%

3.4

03

Fish, crustaceans, molluscs, aquatic invertebrates nes

$57,934

$233,495

303%

2.4

44

Wood and articles of wood, wood charcoal

$106,255

$101,675

-4%

3.2

29

Organic chemicals

$201,585

$81,842

-59%

1.1

81

Other base metals, cermets, articles thereof

$57,185

$75,412

32%

18.2

85

Electrical, electronic equipment

$27,652

$55,688

101%

0.1

28

Inorganic chemicals, precious metal compound, isotopes

$61,419

$54,473

-11%

1.7

84

Machinery, nuclear reactors, boilers, etc

$82,701

$48,459

-41%

0.1

10

Cereals

$97,873

$33,478

-66%

3.1

48

Paper and paperboard, articles of pulp, paper and board

$20,414

$20,662

1%

0.3



Table 3 represents basic macroeconomic and foreign trade indicators for both countries.




Table 3. Macroeconomic Indicators for Russia and Netherlands. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Netherlands

GDP in 2014, billion dollars

1,857.461

866.354

GDP in 2015, billion dollars

1,175.996

749.365

Inflation, average consumer prices, %

7.82

-0.145

Volume of imported goods, billion dollars

282.6

506.3

Volume of exported goods, billion dollars

492.1

567.3

Unemployment rate, %

5.10

7.203

Population, millions

143.7

16.935


Partners

  • pic
  • pic