The Netherlands trade surplus narrowed to EUR 5.43 billion in February of 2021 from EUR 5.66 billion in the same month of the previous year. Exports rose 2.2 percent to EUR 42.22 billion, as higher sales of machinery & transport equipment, chemicals and related products,n.e.s, and crude materials. Sales to the EU advanced 5.7 percent, while those to countries outside the EU shrank 3.7 percent. Meanwhile, imports increased at a faster 3.2 percent to EUR 36.79 billion, mainly boosted by higher purchases of chemicals and related products, n.e.s, manufactured products, and machinery, and transport equipment. Purchases from the EU grew by 6.8 percent, while those from countries outside the EU were down 0.2 percent. Considering the first two months of the year, the trade surplus widened to USD 10.32 billion from USD 10.10 billion in the same period of 2020. source: Statistics Netherlands
Balance of Trade in Netherlands averaged 1295.35 EUR Million from 1960 until 2021, reaching an all time high of 7064 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 May 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.