The Netherlands trade surplus increased to EUR 4.59 billion in December of 2019 from EUR 3.32 billion in the same month last year. Exports advanced 8.0 percent to EUR 42.14 billion, amid higher sales of machinery & transport equipment and chemicals & related products. Shipments rose for both EU (1.6 percent) and non-EU countries (23.3 percent). Meantime, imports went up 5.2 percent to EUR 37.54 billion, due to higher purchases of mineral fuels & lubricants and machinery & transport equipment. Purchases rose from the EU (3.6 percent) and non-EU countries (7.1 percent). Considering full 2019, the Netherlands trade surplus narrowed to EUR 56.2 billion from EUR 56.6 billion in the corresponding period a year ago, as exports increased 3.6 percent while imports advanced at a faster 4.1 percent.
Balance of Trade in Netherlands averaged 1222.33 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 2021, according to our econometric models.