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The trade surplus in the Netherlands narrowed to EUR 12.5 billion in November 2024, down from EUR 13.0 billion in the same month the previous year. Exports declined 0.5% year-on-year to EUR 69.6 billion, with sales falling to non-EU countries (-1.3%) and stagnating in EU countries. Among commodities, exports mainly decreased for mineral fuels and lubricants (-13.1%) and machines and transport equipment (-21%). Meanwhile, imports rose 0.3% to EUR 57.2 billion, driven by an increase in purchases from non-EU countries (+2.3%) but a decline from EU countries (-1.8%). Notable increases in imports were seen in chemical products (+10.1%) and food and live animals (+9.1%). For the period from January to November, the trade surplus widened to EUR 133.8 billion, up from EUR 120.2 billion in the same period last year.