Trade Balance of Goods in Netherlands: Overview from 2017 to 2023

The Netherlands maintained a consistent trade surplus from 2017 to 2023, reflecting its strong export-oriented economy. The surplus peaked at 92,516.6 million USD in 2023, supported by robust exports of machinery, chemicals, and food products. After a slight decline in 2022 (67,279.1 million USD), attributed to rising import costs due to global supply chain disruptions and energy prices, the surplus rebounded significantly in 2023.

The Netherlands’ strategic location as a global trade hub and the strength of its industrial and agricultural exports underpin its strong trade performance. The fluctuations in recent years highlight its sensitivity to global market conditions, particularly energy and raw material prices, which affect import costs.