Overview In October 2022 Netherlands exported €54.9B and imported €55.6B, resulting in a negative trade balance of €706M. Between October 2021 and October 2022 the exports of Netherlands have increased by €9.7B (21.5%) from €45.2B to €54.9B, while imports increased by €11.8B (27%) from €43.8B to €55.6B.
Trade In October 2022, the top exports of Netherlands were Petroleum oils and oils obtained from... (€7.21B), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€2.48B), Miscellaneous chemical products, n.e.s. (€1.66B), Other machinery and equipment specialized for... (€1.65B), and Medicaments (including veterinary medicaments) (€1.27B). In October 2022 the top imports of Netherlands were Petroleum oils and oils obtained from... (€3.82B), Natural gas, whether or not liquefied (€3.28B), Petroleum oils and oils obtained from... (€3.1B), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€2.78B), and Automatic data-processing machines and units thereof;... (€1.57B).
Destinations In October 2022, Netherlands exported mostly to Germany (€11.8B), Belgium (€6B), France (€4.93B), United Kingdom (€3.6B), and United States (€2.72B), and imported mostly from Germany (€8.51B), United States (€6.9B), China (€6.21B), Belgium (€5.7B), and United Kingdom (€2.19B).
Growth In October 2022, the increase in Netherlands's year-by-year exports was explained primarily by an increase in exports to Germany (€1.86B or 18.7%), France (€1.26B or 34.3%), and Belgium (€870M or 17%), and product exports increase in Petroleum oils and oils obtained from... (€3.95B or 121%), Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€564M or 29.5%), and Miscellaneous chemical products, n.e.s. (€396M or 31.3%). In October 2022, the increase in Netherlands's year-by-year imports was explained primarily by an increase in imports from United States (€3.83B or 125%), China (€1.58B or 34%), and Belgium (€1.09B or 23.6%), and product imports increase in Natural gas, whether or not liquefied (€3.08B or 1.56k%), Petroleum oils and oils obtained from... (€761M or 24.9%), and Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€721M or 34.9%).