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The trade surplus in the Netherlands narrowed to EUR 11.1 billion in August 2024, down from EUR 12.2 billion in the same month of the previous year. This marks the smallest trade surplus since October 2023, as exports declined 4.4% year-on-year to EUR 200 billion, weighed by lower sales from EU (-3.3%) and non-EU countries (-5.9%). Among commodities, exports were particularly down for mineral fuels and lubricants (-19.5%), and machines and transport equipment (-10.7%). Meanwhile, imports fell at a softer 3.4% to EUR 54.9 billion, with purchases declining by 4% in the EU and 2.9% in the non-EU countries. Imports mainly dropped mineral fuels and lubricants (-17.7%), and animals and vegetables (-4.2%). Considering January to August, the trade surplus widened to EUR 99.8 billion from EUR 81.8 billion in the corresponding period last year.