FX.co ★ Netherlands Current Account Surplus Widens in Q1

In the first quarter of 2025, the Netherlands saw an increase in its current account surplus, reaching €28.2 billion compared to €27.9 billion in the same period the previous year. This expansion was largely due to a significant rise in the goods trade surplus, which increased to €24.9 billion from €20.9 billion. Conversely, the services surplus saw a slight decline, falling to €9.0 billion from €9.2 billion. Additionally, the primary income account shifted to a €0.7 billion deficit from a €1.9 billion surplus observed in the same period last year. The secondary income deficit also widened, growing to €5.0 billion from €4.2 billion a year before.