Dutch exports to Russia fell sharply in 2022, due to sanctions

Rotterdam docks. Photo: VDW via Depositphotos.com

Dutch exports to Russia fell sharply last year but rose to several neighbouring countries, according to new figures from national statistics agency CBS.

Direct exports to Russia fell in value from €2.9 billion in 2021 to €1.7 billion in 2022, following the invasion of Ukraine in February that year and the imposition of sanctions.

In particular the sale of vehicles, machinery and spare parts, medicines, and flowers and plants has fallen sharply, the CBS said. Sanctions put paid to the export of machinery, technology and luxury items such as yachts.

However, nearby countries have experienced a boom in trade with the Netherlands, with Dutch exports to Kazakhstan up almost 50%. Trade with Kyrgyzstan soared 300% but remains at a very low level.

Exports to Belarus also fell 13%, because that country too is impacted by sanctions, the CBS said.

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