Netherlands Balance of Trade

Last Release

Nov 30, 2024

Actual

12,470

Units In

EUR Million

13,003

Frequency

Monthly

Next Release

Feb 14, 2025

Time to Release

28 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
14,126 Sep 2024	-907.6 May 1993	1,709.2 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 narrowed to EUR 12.5 billion in November 2024, down from EUR 13.0 billion in the same month the previous year. Exports declined 0.5% year-on-year to EUR 69.6 billion, with sales falling to non-EU countries (-1.3%) and stagnating in EU countries. Among commodities, exports mainly decreased for mineral fuels and lubricants (-13.1%) and machines and transport equipment (-21%). Meanwhile, imports rose 0.3% to EUR 57.2 billion, driven by an increase in purchases from non-EU countries (+2.3%) but a decline from EU countries (-1.8%). Notable increases in imports were seen in chemical products (+10.1%) and food and live animals (+9.1%). For the period from January to November, the trade surplus widened to EUR 133.8 billion, up from EUR 120.2 billion in the same period last year.