Hague

Economic Relations

Trade

Trade between Estonia and the Netherlands totaled nearly 1.9 billion euros in 2022, of which exports accounted for 843 million euros. The year before, the export of goods was 1.1 billion euros (annual decrease -23%). In the order of countries, Estonia is the 7th export partner to the Netherlands. The main export items in 2022 were mineral products (32.9%), machinery and mechanical equipment (10.5%), and wood and wood products (9.44%). Estonia imported 1 billion euros worth of goods from the Netherlands in 2022, the year before the import amounted to 813 million euros (+27% annual increase). Thus, the Netherlands is Estonia’s 8th import partner. Machinery and mechanical equipment (27.6%) were the most imported in 2022, followed by products from industries related to the chemical industry (16.4%).

Trade between Estonia and the Netherlands in 2018 – 2022:

Source: Statistical Office of Estonia

The export of services was 248.3 million euros by the III quarter of 2022, while a year earlier the export of services amounted to 157.1 million euros (+58% annual increase). However, the import of services was 215.6 million euros by the III quarter of 2022, while at the same time a year earlier, the import of services amounted to 139 million euros (+55% annual increase).

Direct Investments

The volume of Dutch direct investments in Estonia (as of 30.09.2022) is 1.2 billion euros, which makes up 3.8% of all foreign investments in Estonia. The Netherlands is the 7th country that contributes to Estonia’s economy. The largest investment has been made in real estate activities (worth 774 million euros), which equals 61% of all Dutch investments in Estonia.

The volume of Estonian direct investments in the Netherlands (as of September 2022) amounts to 327 million euros, which is 2.5% of all direct investments abroad. The largest investments have also been made in real estate, the value of which is 127 million euros, and an additional 92 million euros have been invested in financial and insurance activities.

Tourism

In 2022 Dutch tourists paid a total of 34,630 visits to Estonia , of which 24,837 were multi-day visits. A year earlier, however, 16,259 visits were paid to Estonia, most of which were also for several days.

At the same time, Estonians paid 49,782 visits to the Netherlands, of which 43,512 were for several days. A year earlier, Estonians paid 25,026 visits to the Netherlands, most of which were also multi-day visits.

E-residents

As of January 9, 2023, 1,698 Dutch citizens are e-residents, of whom 465 have registered their companies in Estonia.