The Netherlands trade surplus increased to EUR 6.18 billion in July of 2020 from EUR 4.14 billion in the same month last year. This was the largest trade surplus since last October, as exports fell less than imports. Exports dropped 5.7% to EUR 40.02 billion, amid lower shipments of mineral fuel, lubricants and related products; manufactured goods and miscellaneous manufactured articles. Exports to the EU tumbled 17.28%, while those to countries outside the EU jumped 22.1%. Imports plunged 11.6% to EUR 33.84 billion, dragged down by reduced purchases of mineral fuels, lubricants and related products; machinery and transport equipment and miscellaneous manufactured articles. Among major trading partners, imports from the EU slumped 14.88% while those from countries outside the EU declined 8.13%. Considering the first seven months of 2020, the country's trade surplus widened slightly to EUR 31.89 billion from EUR 31.17 billion in the corresponding month of the previous year.

Balance of Trade in Netherlands averaged 1247.95 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 September of 2020. source: Statistics Netherlands

Balance of Trade in Netherlands is expected to be 4770.00 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 3950.00 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.

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Netherlands Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
6176.00 4231.00 6491.00 -907.60 1960 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-15 04:30 AM Apr €3.51B €6.07B €5.1B
2020-07-15 04:30 AM May €3.49B €2.97B €2.2B
2020-08-14 07:30 AM Jun €4.05B €3.18B €5.5B
2020-09-11 04:30 AM Jul €6.18B €4.23B €3.2B
2020-10-12 04:30 AM Aug €6.18B
2020-11-13 08:30 AM Sep € 4.8B
2020-12-14 05:30 AM Oct


News Stream
Dutch Trade Surplus Largest in 9 Months
The Netherlands trade surplus increased to EUR 6.18 billion in July of 2020 from EUR 4.14 billion in the same month last year. This was the largest trade surplus since last October, as exports fell less than imports. Exports dropped 5.7% to EUR 40.02 billion, amid lower shipments of mineral fuel, lubricants and related products; manufactured goods and miscellaneous manufactured articles. Exports to the EU tumbled 17.28%, while those to countries outside the EU jumped 22.1%. Imports plunged 11.6% to EUR 33.84 billion, dragged down by reduced purchases of mineral fuels, lubricants and related products; machinery and transport equipment and miscellaneous manufactured articles. Among major trading partners, imports from the EU slumped 14.88% while those from countries outside the EU declined 8.13%. Considering the first seven months of 2020, the country's trade surplus widened slightly to EUR 31.89 billion from EUR 31.17 billion in the corresponding month of the previous year.
2020-09-11
Dutch Trade Surplus Narrows in June
The Netherlands trade surplus narrowed to EUR 4.05 billion in June of 2020 from EUR 4.90 billion in the corresponding month of the previous year. Exports dropped 6.2 percent to EUR 39.12 billion, as sales to the EU slumped 14 percent and those to countries outside the EU decreased 10.9 percent. Imports declined 4.7 percent to EUR 35.07 billion, as purchases from the EU tumbled 12.7 percent while those from countries outside the EU rose 4.3 percent. Considering the first half of the year, the country recorded a EUR 25.24 billion trade surplus.
2020-08-14
Dutch Trade Surplus Narrows in May
The Netherlands trade surplus fell to EUR 3.49 billion in May of 2020 from EUR 5.16 billion in the same month last year. Exports plunged 24.1 percent to EUR 33.94 billion, amid lower shipments of mineral fuel, lubricants and related products; machinery and transport equipment, and miscellaneous manufactured articles. Exports to the EU slumped 31.51 percent, while those to countries outside the EU went down 6.47 percent. Imports dropped 10.3 percent to EUR 30.45 billion, dragged down by reduced purchases of mineral fuels, lubricants and related products; machinery and transport equipment and miscellaneous manufactured articles. Among major trading partners, imports from the EU tumbled 31.35 percent while those from countries outside the EU fell 13.22 percent. Considering the first five months of 2020, the country's trade surplus narrowed to EUR 21.93 billion from EUR 22.12 billion in the corresponding month of the previous year.
2020-07-15
Dutch Trade Surplus Smallest in 15 Months
The Netherlands trade surplus fell to EUR 3.51 billion in April of 2020 from EUR 3.72 billion in the same month last year. This was the smallest trade surplus since January of 2019, as exports and imports continued to fall as the coronavirus pandemic disrupts global trade. Imports slumped 20.8 percent to EUR 30.94 billion, dragged down by reduced purchases of mineral fuels, lubricants and related products, transport equipment and chemicals and related products. Among major trading partners, imports from the EU tumbled 29 percent while those from countries outside the EU fell 11.7 percent. Exports fell 19.5 percent to EUR 34.45 billion, amid lower shipments of machinery and transport equipment. Exports to the EU dropped 29.2 percent, while those to countries outside the EU went down 3 percent. Considering the first four months of 2020, the country's trade surplus narrowed to EUR 19.26 billion from EUR 16.96 billion in the corresponding month of the previous year.
2020-06-15

Netherlands Balance of Trade
The Netherlands is an export-oriented economy and derives more than two-thirds of its GDP from the merchandise trade. Main exports are: machinery and transport equipment (28 percent of total exports), mineral fuels (23 percent), food (11 percent), clothing and footwear (10 percent) and pharmaceuticals (5 percent). Netherlands main imports are: fuel (29 percent of total imports), machinery (26 percent) and food and live animals (8.6 percent). Main trading partners are Germany (24 percent of total exports and 17 percent of imports) and Belgium (12 percent of exports and 10 percent imports). Others include: China, France, United Kingdom and United States.