The Netherlands trade surplus narrowed to EUR 5.80 billion in September of 2020 from EUR 5.31 billion in the same month last year. Exports fell 2.2 percent to EUR 42.33 billion, amid lower sales of mineral fuel, lubricants and related products and manufactured goods. Exports to the EU tumbled 10.3 percent, while those to countries outside the EU rose 16.1 percent. Meantime, imports declined at a faster 4.1 percent to EUR 36.54 billion. Among major trading partners, imports from the EU slumped 12.2 percent while those from countries outside the EU rose percent. Considering the first nine months of 2020, the country's trade surplus widened slightly to EUR 40.88 billion from EUR 40.30 billion in the corresponding month of the previous year. source: Statistics Netherlands
Balance of Trade in Netherlands averaged 1264.61 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 November of 2020.
Balance of Trade in Netherlands is expected to be 4050.00 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 5600.00 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.