Netherlands balance of trade

Netherlands balance of trade: 11645 (-10.06%)
Last Update: May 31, 2024

Netherlands balance of trade closed down 11645 as of May 31, 2024 from 12948 from the previous month and 9999 from last year.

Netherlands balance of trade Analytics & Data

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Netherlands balance of trade

2024-05-31 11645
2024-04-30 12948
2024-03-31 14100
2024-02-29 11607
2024-01-31 13261
2023-12-31 11731
2023-11-30 13760
2023-10-31 10899
2023-09-30 15057
2023-08-31 12188
2023-07-31 9824
2023-06-30 12779
2023-05-31 9999
2023-04-30 6384
2023-03-31 12560
2023-02-28 10900
2023-01-31 7051
2022-12-31 10471
2022-11-30 12028
2022-10-31 8680
2022-09-30 10937
2022-08-31 7020
2022-07-31 8994
2022-06-30 9918

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Netherlands balance of trade Statistics

balance of tradenl.balanceoftrade11645.012948-1016DownUP482024-05-31

Netherlands balance of trade Factors

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Netherlands balance of trade Historical Data

The MacroVar database offers free access to historical data for the Netherlands balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Netherlands balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Netherlands balance of trade

The balance of trade in the Netherlands refers to the difference between the value of the country's exports and imports of goods. A positive balance of trade occurs when the value of exports exceeds imports, resulting in a trade surplus. This can be beneficial for a country as it indicates that it is producing and selling more goods than it is purchasing from other countries. On the other hand, a negative balance of trade, or trade deficit, occurs when the value of imports exceeds exports. This can lead to a country relying on foreign goods and potentially facing economic challenges. The Netherlands has historically had a positive balance of trade due to its strong export-oriented economy, with key industries including agriculture, manufacturing, and technology.