Netherlands Balance of Trade

Last Release

Oct 31, 2024

Actual

13,003

Units In

EUR Million

14,126

Frequency

Monthly

Next Release

Jan 13, 2025

Time to Release

30 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
14,126 Sep 2024	-907.6 May 1993	1,695.35 EUR Million	1960-2024	Statistics Netherlands

The Netherlands is an export-oriented economy and derives more than two-thirds of its GDP from the merchandise trade. Main exports are: machinery and transport equipment (28 percent of total exports), mineral fuels (23 percent), food (11 percent), clothing and footwear (10 percent) and pharmaceuticals (5 percent). Netherlands main imports are: fuel (29 percent of total imports), machinery (26 percent) and food and live animals (8.6 percent). Main trading partners are Germany (24 percent of total exports and 17 percent of imports) and Belgium (12 percent of exports and 10 percent imports). Others include: China, France, United Kingdom and United States.

Latest Updates

The trade surplus in the Netherlands widened to EUR 13.0 billion in October 2024, up from EUR 10.3 billion in the same month of the prior year. Exports dropped 0.2% year-on-year to EUR 72.4 billion, with sales to EU countries falling by 3.4%, while exports to non-EU countries grew by 4.7%. Among commodities, exports saw significant declines in mineral fuels and lubricants (-18.5%) and machines and transport equipment (-3.1%), partly offset by gains in food and live animals (6.1%), chemical and related products (4.8%), and miscellaneous manufactured articles (7.8%). Meanwhile, imports fell at a faster 3.2% to EUR 59.4 billion, as lower purchases from non-EU countries (-5.0%) and those from EU countries (-1.1%). Imports dropped particularly for mineral fuels and lubricants (-25.3%), manufactured goods (-4.9%), and crude materials (-0.8%). For the first ten months of 2024, the trade surplus increased sharply to EUR 125.9 billion, up from EUR 108.2 billion in the same period last year.