Russia and the Netherlands are traditionally important economic partners. The Netherlands is the second in the world and first in Europe Russia’s trade partner and the second foreign direct investor. In 2014, Russian-Dutch trade turnover amounted to $73,2bn (according to the statistics of the Russian Federal Customs Service). The Netherlands remains Russia’s number one export destination ($67,9bn) and number 14 import partner ($5,2bn). In 2014, Russian-Dutch trade turnover equaled 9,4% of the Russian foreign trade volume. 

According to the Dutch statistics, in January-October 2014 Russian-Dutch trade turnover amounted to €21,4bn. Russia is number six import partner of the Netherlands (€16,2bn) and its number twelve export destination (€5,2bn). 

The Netherlands exports primarily agricultural products, food, chemical industry goods, machines and vehicles to Russia. Russia exports mineral resources and fuel, metals and metal goods to the Netherlands. 

By the end of Q2 2014, Dutch direct investments accumulated in Russia equaled $67,8bn (according to the Russian Central Bank statistics) which is 11% of the total foreign direct investments accumulated in the Russian economy.

 

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About a series of events in Rotterdam with Russian participation

On 5 September 2018, once again after four years, a high-level event called “Russia meets Rotterdam” was held at the headquarters of Port of Rotterdam. Officials from the port and customs authorities of the Netherlands spoke about the latest developments in the field of innovation and digitalization, which they already apply in practice. Dutch and other foreign companies (engaged in cargo, freight, logistics, etc.) shared their experience from working in the largest port of Europe and expressed their desire to cooperate with Russian counterparts. Participants from the Russian side included ports of St. Petersburg, Ust-Luga, Vyborg, other stakeholders from the business circles and government institutions.

The business program ended with an official reception at which a meeting took place between the Ambassador of Russia Alexander Shulgin, the Mayor of Rotterdam Ahmed Aboutaleb and the CEO of the Port of Rotterdam Allard Castelein. All three underlined the importance of the sea hub for the development of Russian-Dutch trade ties and expressed hope that their further strengthening would generally help restore full-format bilateral relations.

On 6 September 2018, Rotterdam continued its successful role as a host city by receiving an official delegation from St. Petersburg led by Vice-Governor Alexander Govorunov. With support from the Russian Embassy and Trade Representation, the 4th Cooperation Council between St. Petersburg and Rotterdam was held. The Dutch delegation was led by Deputy Head of the Administration of Rotterdam André Vervooren. The sides shared their experience and ideas for interaction on such topics as urban infrastructure and mobility, waste management, creative industries, cultural projects, innovative cooperation between universities, etc.