Netherlands Balance of Trade

Last Release

Jul 31, 2024

Actual

10,739

Units In

EUR Million

13,310

Frequency

Monthly

Next Release

Oct 11, 2024

Time to Release

28 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
13,594 Mar 2024	-907.6 May 1993	1,652.55 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 10.7 billion in July 2024, up from EUR 9.8 billion in the same month of the previous year. Exports rose 5.6% year-on-year to EUR 71.1 billion, driven by higher sales from EU (4.1%) and non-EU countries (7.6%). Among commodities, exports were particularly higher for raw materials (20.3%), manufactures (18.1%), chemical products (17.8%), and food & live animals (17.3%). Meanwhile, imports grew at a softer 4.9% to EUR 60.4 billion, with purchases rising by 5.1% in the EU and 4.8% in the non-EU countries. Imports notably rose for animals & vegetables (21.4%), raw materials (18%), and food & live animals (16.4%). Considering January to July, the trade surplus increased to EUR 87.63 billion from EUR 69.63 billion in the corresponding period last year.