The Netherlands trade surplus widened to EUR 5.32 billion in December of 2020 from EUR 4.33 billion in the same month of the previous year. Exports rose 0.8 percent to EUR 42.57 billion, as higher sales of machinery & transport equipment, manufactured products and chemicals offset declines in those of mineral fuel, lubricants and related products. Sales to the EU plunged 8.6 percent, while those to countries outside the EU jumped 19.4 percent. Meanwhile, imports declined 1.8 percent to EUR 37.25 billion, mainly dragged down by lower purchases of mineral fuels, lubricants and related products and machinery and transport equipment. Purchases from the EU plunged 7.3 percent while those from countries outside the EU rose 4.3 percent. In 2020, the country's trade surplus rose to EUR 58.05 billion from EUR 55.37 billion in 2019. source: Statistics Netherlands
Balance of Trade in Netherlands averaged 1284.25 EUR Million from 1960 until 2020, reaching an all time high of 6925 EUR Million in October of 2020 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 February of 2021.
Balance of Trade in Netherlands is expected to be 5050.00 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 2022 and 3740.00 EUR Million in 2023, according to our econometric models.