The Netherlands trade surplus widened to EUR 4.52 billion in August of 2021 from EUR 3.80 billion in the same month of the previous year. Exports surged 25.5 percent to EUR 44.82 billion, amid higher sales of machinery & transport equipment (12.2%), miscellaneous manufactured goods (15.3%), chemicals (31.9%) and mineral fuels, lubricants (99.7%). Sales to the EU soared 28.9 percent, while those to countries outside the EU rose 19.4 percent. Meanwhile, imports advanced at a faster 26.3 percent to EUR 40.30 billion, driven by purchases of mineral fuels, lubricants (87.7%), miscellaneous manufactured goods (18.0%), chemicals (38.1%), and machinery & transport equipment (8.2%). Purchases from the EU grew by 22.6 percent, while those from countries outside the EU were up 29.7 percent. Considering the first eight months of the year, the trade surplus widened to USD 43.26 billion from USD 35.35 billion in the same period of 2020. source: Statistics Netherlands
Balance of Trade in Netherlands averaged 1328.86 EUR Million from 1960 until 2021, reaching an all time high of 6943 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 October of 2021.
Balance of Trade in Netherlands is expected to be 3850.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Netherlands Balance of Trade is projected to trend around 2740.00 EUR Million in 2022 and 2550.00 EUR Million in 2023, according to our econometric models.