Netherlands-Dem. People's Rep. of Korea Bilateral Trade Analysis 2023
Complete trade statistics: $743,420 total volume •Netherlands surplus: $743,420
Netherlands → Dem. People's Rep. of Korea
$743,420
Exports (2023)
Dem. People's Rep. of Korea → Netherlands
$0
Imports (2023)
Trade Balance
$743,420
Surplus for Netherlands
Total Trade
$743,420
Combined Volume
Trade Flow Visualization
Direct trade relationship between Netherlands and Dem. People's Rep. of Korea. Green line shows exports from Netherlands, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Netherlands-Dem. People's Rep. of Korea commercial relationship and competitive positioning in global markets.
Netherlands → Dem. People's Rep. of Korea Exports
Export Market Intelligence
🎯 Strategic Export Focus
Netherlands's export portfolio to Dem. People's Rep. of Korea demonstrates strategic specialization, with dairy produce: natural milk constituents (excluding whey), whether or not containing added sugar or other sweetening matter, n.e.c. in chapter 04 representing a key competitive advantage in this bilateral market.
Dem. People's Rep. of Korea → Netherlands Imports
Import Dependency Profile
📦 Import Strategy Analysis
Netherlands's import pattern from Dem. People's Rep. of Korea reveals significant dependencyin aluminium: unwrought, (not alloyed), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Netherlands demonstrates competitive strength in exportingdairy produce: natural milk constituents (excluding whey), whether or not containing added sugar or other sweetening matter, n.e.c. in chapter 04 to Dem. People's Rep. of Korea, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $743,420 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Netherlands-Dem. People's Rep. of Korea Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $743.42 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Netherlands maintains a surplus of $743.42 thousand
- Export Focus: Netherlands's primary exports include dairy produce: natural milk constituents (excluding whey), whether or not containing added sugar or other sweetening matter, n.e.c. in chapter 04, medicaments: containing hormones (excluding insulin), (but not containing antibiotics), for therapeutic or prophylactic uses, not packaged for retail sale, malt: roasted
- Import Dependencies: Key imports from Dem. People's Rep. of Korea include aluminium: unwrought, (not alloyed), chandeliers and other electric ceiling or wall light fittings: excluding those used for lighting public open spaces or thoroughfares, plastics: plates, sheets, film, foil and strip (not self-adhesive), of polymers of ethylene, non-cellular and not reinforced, laminated, supported or similarly combined with other materials
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $743,420 represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Netherlands leveraging its comparative advantages in dairy produce: natural milk constituents (excluding whey), whether or not containing added sugar or other sweetening matter, n.e.c. in chapter 04.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Netherlands's specialization in dairy produce: natural milk constituents (excluding whey), whether or not containing added sugar or other sweetening matter, n.e.c. in chapter 04complements Dem. People's Rep. of Korea's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in aluminium: unwrought, (not alloyed).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $743,420 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $743,420 bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $743.42 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in dairy produce: natural milk constituents (excluding whey), whether or not containing added sugar or other sweetening matter, n.e.c. in chapter 04 and aluminium: unwrought, (not alloyed) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Netherlands's trade surplus of $743.42 thousand strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Netherlands and Dem. People's Rep. of Korea represents a total trade volume of $743.42 thousand in 2023. This partnership demonstrates a favorable trade balance for Netherlands, with exports exceeding importsby $743.42 thousand.
Export Strengths
Netherlands's exports to Dem. People's Rep. of Korea total $743.42 thousand, with competitive advantages in dairy produce: natural milk constituents (excluding whey), whether or not containing added sugar or other sweetening matter, n.e.c. in chapter 04, representing $380,784 or51.2% of bilateral exports.
Import Dependencies
Imports from Dem. People's Rep. of Korea amount to $0.00, highlighting economic interdependence in aluminium: unwrought, (not alloyed), with Aluminium: unwrought, (not alloyed) comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Netherlands's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Netherlands and Dem. People's Rep. of Korea in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023