The Netherlands trade surplus narrowed to EUR 3.84 billion in August of 2020 from EUR 4.35 billion in the same month last year. This was the smallest trade surplus since May, as exports fell more than imports. Exports dropped 10% to EUR 36.05 billion, amid lower shipments of mineral fuel, lubricants and related products; manufactured goods and miscellaneous manufactured articles. Exports to the EU tumbled 15.22%, while those to countries outside the EU rose 1.36%. Imports fell 9.8% to EUR 32.21 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 13.08% while those from countries outside the EU declined 6.49%. Considering the first eight months of 2020, the country's trade surplus widened slightly to EUR 35.77 billion from EUR 35.52 billion in the corresponding month of the previous year.
Balance of Trade in Netherlands averaged 1258.34 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 October of 2020. source: Statistics Netherlands
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 4850.00 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.