The strategic partnership between the Netherlands and Turkey also brings forth significant opportunities

The trade between Turkey and the Netherlands, based on a long history, is a subject of significant economic relations for both countries. The strong economies and strategic positions in trade of both nations have further strengthened this relationship.

Netherland and Turkey

Holland's export ranks 19th among 222 countries in terms of its export volume to Turkey, with a total of 6.29 billion USD in exports for 2021. In the same year, Turkey's export ranks 8th among 218 countries in its export volume to the Netherlands, with a total of 6.72 billion USD. This positioning highlights the significance of the Netherlands in Turkey's international trade volume.

The breakdown of the trade between Turkey and the Netherlands can be observed in the following tables obtained from oec.com.

Export from Turkey to Netherlands

Exports from Netherlands to Turkey

If I may make a humble inference:

General Economic Situation: Turkey and the Netherlands stand as economic leaders in their respective regions. Turkey is strategically positioned at the intersection of the Middle East and Europe. Meanwhile, the Netherlands, as part of the European Union, holds a geographical advantage with the major port city of Rotterdam.

Trade Volume: The trade volume between Turkey and the Netherlands has continuously increased over the years, with both countries being significant trade partners for each other. Turkey generally maintains an export-oriented position in its external trade with the Netherlands.

Investments: Both countries engage in direct investments in each other. Dutch companies, particularly, show interest in investing in the growing markets in Turkey, and Turkey has investments in various sectors in the Netherlands.

Trade Agreements: Turkey and the Netherlands have signed various trade agreements to regulate and facilitate their trade. These agreements encompass topics such as reducing customs duties, facilitating trade, and promoting investments.

Logistics and Transportation: The strategic locations of both countries have created a favorable ground for collaboration in logistics and transportation. Turkey's access to major ports like Rotterdam provides a logistical advantage.

In the upcoming period, some developments in trade between Turkey and the Netherlands could be:

1. Trade data in specific sectors, especially textiles, automotive, chemicals, construction, and machinery, may reflect increases, indicating diversified and expanded trade.

2. Generally, direct investments from Turkish companies into the Netherlands have increased, and vice versa for Dutch companies investing in Turkey.

3. The workforce potential in Turkey and the growing markets will present significant opportunities for other countries, including the Netherlands.

4. Companies affected by economic developments in Turkey may find solutions by expanding into European countries and the Netherlands.

5. Despite global economic fluctuations, trade between Turkey and the Netherlands has shown resilience and continued growth.

The trade relationship between Turkey and the Netherlands can be considered a strong partnership contributing to both countries' economic growth and development. However, given the variables in international relations and global economic factors, both countries are continually making efforts to strengthen and improve their relations.

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