The Netherlands trade surplus widened to EUR 5.97 billion in November of 2020 from EUR 4.56 billion in the same month last year. Exports fell 6.9 percent to EUR 43.41 billion amid lower sales of mineral fuel, lubricants and related products and manufactured goods. Sales to the EU plunged 10.1 percent, while those to countries outside the EU jumped 19.3 percent. Meantime, imports declined at a softer 8.3 percent to EUR 37.43 billion. Purchases from the EU plunged 9.6 percent while those from countries outside the EU rose 0.7 percent. Considering the first eleven months of 2020, the country's trade surplus widened to EUR 53.37 billion from EUR 51.57 billion in the corresponding month of the previous year. source: Statistics Netherlands
Balance of Trade in Netherlands averaged 1276.87 EUR Million from 1960 until 2020, reaching an all time high of 7260 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 January 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.