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.