FX.co ★ Dutch Trade Surplus Narrows in November

In November 2025, the Netherlands experienced a decrease in its trade surplus, which contracted to EUR 10.7 billion, down from EUR 11.7 billion in November of the previous year. This contraction was primarily due to a 1.4% drop in exports, bringing the total down to EUR 66.4 billion. The decline in exports was felt across both the EU, with a reduction of 2.0%, and non-EU markets, with a 0.6% decline. Among various commodities, there were notable decreases in exports of food and live animals, which fell by 2.7%, beverages and tobacco by 5.6%, and mineral fuels and lubricants by 8.6%.

On the other hand, imports showed a slight rise of 0.1%, reaching EUR 55.8 billion. This increase was driven by a 2.1% rise in imports from non-EU countries, although it was nearly counterbalanced by a 1.9% decrease in imports from EU nations. Significant growth was observed in imports of animal and vegetable oils, which surged by 49.9%, and a moderate rise in imports of food and live animals by 2.3%. These increases, however, were somewhat mitigated by declines in imports of beverages and tobacco, raw materials, and mineral fuels and lubricants, which decreased by 2.9%, 8.2%, and 11.4%, respectively.

For the year-to-date period from January to November, the Netherlands' trade surplus diminished to EUR 111.3 billion, compared to EUR 123.5 billion during the same timeframe in the previous year.