Trade Balance in Netherlands

Netherlands Trade Balance (EUR) | Economic News & Forecasts

Netherlands - Trade Balance (Euros)

The economy contracted steeply in Q2 due to the Covid-19 pandemic and associated restrictions dragging heavily on both domestic and foreign demand. Consequently, the economy entered its first recession since H2 2012. National accounts data showed that the downturn was broad-based, although private consumption and capital expenditure fell particularly hard. Turning to the third quarter, the economy is expected to exit the recession as containment measures have been eased, but available data paints a mixed picture. In July, operating conditions in the manufacturing sector continued to deteriorate, albeit at a reduced pace, while business confidence rose but remained deeply pessimistic. Moreover, consumer sentiment deteriorated in July–August compared to the prior quarter’s average, amid a further uptick in the unemployment rate in July.

Netherlands - Trade Balance (EUR) Data

2015   2016   2017   2018   2019  
Trade Balance (EUR billion)46.8  54.3  58.5  56.6  56.4  

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Netherlands Trade Balance (EUR) Chart

Netherlands Trade
Note: Trade balance (in EUR bn).
Source: Statistics Netherlands and FocusEconomics calculations.

Netherlands Facts

Value Change Date
Bond Yield-0.065.70 %Jan 01
Exchange Rate1.120.65 %Dec 31

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