The Netherlands trade surplus rose to EUR 6.15 billion in March of 2020 from EUR 5.52 billion in the same month last year. This was the largest trade surplus since November of 2018, as imports slumped 7.7 percent to EUR 36.74 billion, dragged down by reduced purchases of minerals, transport equipment and clothing. Among major trading partners, imports from the EU declined 16.5 percent while those from countries outside the EU rose 2.5 percent. Exports fell 5.4 percent to EUR 42.90 billion, amid lower shipments of transport equipment and machinery. In contrast, sales went up for petroleum and chemical products. Exports to the EU fell 18.2 percent, while those to countries outside the EU went up 26.4 percent. Considering the first quarter of 2020, the country's trade surplus widened to 16.13 billion from EUR 13.24 billion in the corresponding month of the previous year.
Balance of Trade in Netherlands averaged 1239.59 EUR Million from 1960 until 2020, reaching an all time high of 6491 EUR Million in March of 2017 and a record low of -907.60 EUR Million in May of 1993. This page provides the latest reported value for - Netherlands Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Netherlands Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Statistics Netherlands
Balance of Trade in Netherlands is expected to be 3500.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Netherlands to stand at 7050.00 in 12 months time. In the long-term, the Netherlands Balance of Trade is projected to trend around 3950.00 EUR Million in 2021 and 3740.00 EUR Million in 2022, according to our econometric models.