The Netherlands trade surplus declined to EUR 5.0 billion in November 2019 from EUR 6.2 billion in the same month last year, as exports dropped 2.0 percent, due to sales of chemicals (-3.1 percent), manufactured goods (-4.8 percent), and fuels & lubricants (-17.1 percent). By contrast, exports increased for both machinery & transport equipment (1.7 percent) and food & live animals (1.8 percent). Among major trade partners, exports to the EU fell 4.8 percent, while those to countries outside the EU went up 4.6 percent. Meanwhile, imports increased 0.8 percent, boosted by purchases of machinery & transport equipment (8.5 percent), chemicals (0.1 percent), and food & live animal (2 percent). Conversely, imports fell for fuels & lubricants (-7.3 percent) and manufactured goods (-7.5 percent). Imports from non-EU countries rose 3.6 percent, while those from the EU decreased 1.6 percent.

Balance of Trade in Netherlands averaged 1217.94 EUR Million from 1960 until 2019, 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. source: Statistics Netherlands

Balance of Trade in Netherlands is expected to be 4600.00 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 5050.00 in 12 months time. In the long-term, the Netherlands Balance of Trade is projected to trend around 3950.00 EUR Million in 2020, according to our econometric models.


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Netherlands Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
5003.00 6394.00 6491.00 -907.60 1960 - 2019 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-11 04:30 AM Aug €3.88B €4.12B €2.9B
2019-11-14 08:30 AM Sep €5.31B €3.81B €4.1B
2019-12-13 05:30 AM Oct €6.35B €5.383B €3.8B
2020-01-15 05:30 AM Nov €5.003B €6.394B
2020-02-13 08:30 AM Dec €5.003B € 5.8B


News Stream
2019-12-13
Netherlands Posts Largest Trade Surplus in 2-1/2 Years
The Netherlands trade surplus increased to EUR 6.35 billion in October 2019 from EUR 4.31 billion in the same month last year. This was the largest trade surplus since March 2017, as exports rose 4.0 percent to an all-time high boosted by sales of machinery & transport equipment (10.2 percent), food & live animals (6.0 percent), and chemicals (8.4 percent). In contrast, exports fell for both manufactured goods (-1.5 percent) and fuels & lubricants (-17.2 percent). Among major trade partners, exports to non-EU countries jumped 14.3 percent, while those to the EU went down 0.2 percent. Meanwhile, imports declined 0.6 percent due to purchases of fuels & lubricants (-25.2 percent) and manufactured goods (-5.0 percent). Conversely, imports rose for chemicals (3.5 percent) and machinery & transport equipment (8.9 percent). Imports from the EU were down 1.6 percent, while those from non-EU countries rose 0.5 percent.

2019-11-14
Dutch Trade Surlpus Narrows in September
The Netherlands trade surplus narrowed to EUR 5.31 billion in September 2019 from EUR 5.91 billion in the same month last year. Exports rose 3.1 percent boosted by sales of machinery & equipment (8.3 percent), manufactured goods (13.0 percent) and food & live animals (5.6 percent). In contrast, exports fell for both chemicals (-8.6 percent) and fuels & lubricants (-3.7 percent). Among major trade partners, exports grew to the EU (1.2 percent) and non-EU countries (7.4 percent). Meanwhile, imports increased at a faster 5.2 percent due to purchases of machinery & equipment (16.0 percent), manufactured goods (13.4 percent), chemicals (10.9 percent), and food & live animals (6.0 percent). Imports were up 5.2 percent from both the EU and non-EU countries.

2019-10-11
Dutch Trade Surplus Widens in August
The Netherlands trade surplus increased to EUR 3.88 billion in August 2019 from EUR 3.69 billion in the same month last year. Imports went down at a faster 4.0 percent to EUR 35.39 billion, due to lower purchases of fuels & lubricants (-24.9 percent); manufactured goods (-1.9 percent); fuels & lubricants (-12.8 percent); and food (-3.0 percent). Conversely, there were increases in those of miscellaneous manufactured articles (3.3 percent) and chemicals (3.2 percent). Purchases declined from the EU (-2.7 percent) and non-EU countries (-5.3 percent). Exports decreased 3.2 percent to EUR 39.27 billion dragged down by sales of machinery & equipment (-0.6 percent); manufactured goods (-4.4 percent); chemicals (-9.1 percent); food (-0.4 percent), fuels & lubricants (-9.9 percent), while increases were seen in exports of miscellaneous manufactured articles (6.2 percent). Shipments dropped for both non-EU countries (-3.5 percent) and EU countries (-3.0 percent).

2019-09-12
Dutch Trade Surplus Narrows in July
The Netherlands trade surplus narrowed to EUR 4.13 billion in July 2019 from EUR 4.18 billion in the same month last year. Exports increased 4.6 percent year-on-year to EUR 42.26 billion driven by sales of machinery & equipment (6.5 percent); manufactured goods (2.0 percent); chemicals (5.9 percent); food (10.4 percent), while declines were seen in exports of fuels & lubricants (-12.8 percent). Shipments rose for both non-EU countries (5.6 percent ) and EU countries (4.1 percent). Meanwhile, imports went up at a faster 5.3 percent to EUR 38.13 billion, due to higher purchases of manufactured articles (5.7 percent); chemicals (9.6 percent); machinery & equipment (13.1 percent), and food (5.7 percent); while those of fuels & lubricants fell (-13.5 percent). Purchases increased from the EU (2.0 percent) and non-EU countries (9.1 percent).

2019-08-14
Dutch Trade Surplus Widens in June
The Netherlands trade surplus widened to EUR 5.16 billion in June 2019 from EUR 4.98 billion in the same month last year. Exports edged up 0.1 percent to EUR 41.86 billion driven by sales of machinery & equipment (5.5 percent) and manufactured goods (1.4 percent), while declines were seen in exports of chemicals (-2.8 percent) and fuels & lubricants (-0.3 percent). Exports to non-EU countries jumped 10.2 percent while those to the EU fell 4 percent. Meanwhile, imports dropped 0.4 percent to EUR 36.71 billion, due to lower purchases of fuels & lubricants (-5.1 percent), manufactured articles (-6.8 percent), and food (-3.4 percent). Meanwhile, imports rose for chemicals (6.2 percent) and machinery & equipment (2.7 percent). Purchases declined from the EU (-2.8 percent), while an increase was seen in imports from non-EU countries (2.4 percent).

2019-07-15
Dutch Trade Surplus Largest in 6 Months
The Netherlands's trade surplus rose to EUR 5.58 billion in May 2019 from EUR 5 billion in the same month of the previous year. This was the largest trade surplus since November last year, as exports rose more than imports. Exports went up 7.9 percent from a year earlier to EUR 45.03 billion, boosted by higher sales of chemical products (6.9%); machinery & transport equipment (13.6%); miscellaneous manufactured articles (10.1%). Exports to the EU increased 6.0 percent while those to outside the EU surged 12.6 percent. Imports increased at a softer 7.4 percent to EUR 39.46 billion, mainly driven by purchases of chemical products (12.4%); machinery & transport equipment (8.4%); miscellaneous manufactured articles (10.3%). Imports from the EU advanced 8.8 percent and those from outside the EU rose at a softer 5.6 percent. Considering the first five months of the year, the trade balance recorded a surplus of EUR 22.69 billion.


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.

Netherlands Trade Last Previous Highest Lowest Unit
Balance of Trade 5003.00 6394.00 6491.00 -907.60 EUR Million [+]
Current Account 19285.00 10792.00 28164.40 -14364.00 EUR Million [+]
Current Account to GDP 11.20 10.80 11.20 -1.00 percent [+]
Imports 38945.00 40326.00 40534.00 584.90 EUR Million [+]
Exports 43948.00 46720.00 46720.00 494.60 EUR Million [+]
External Debt 3827999.00 3724454.00 4089607.00 1818325.30 EUR Million [+]
Terms of Trade 100.80 101.00 104.00 91.70 points [+]
Capital Flows 22880.00 13345.80 38120.90 -21724.30 EUR Million [+]
Remittances 37.10 37.90 171.00 0.00 EUR Million [+]
Gold Reserves 612.45 612.45 911.82 612.45 Tonnes [+]
Terrorism Index 2.35 1.96 2.78 0.18 [+]
Weapons Sales 369.00 1132.00 1213.00 5.00 USD Million [+]
Crude Oil Production 13.00 12.00 87.00 11.00 BBL/D/1K [+]
Foreign Direct Investment -29760.00 6561.00 189388.00 -186670.00 EUR Million [+]