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The Netherlands’ trade surplus narrowed to EUR 10.7 billion in November 2025 from EUR 11.7 billion in the same month a year earlier. Exports fell 1.4% year-on-year to EUR 66.4 billion, reflecting weaker sales to EU (-2.0%) and non-EU (-0.6%) markets. By commodity, exports declined for food and live animals (-2.7%), beverages and tobacco (-5.6%), and mineral fuels and lubricants (-8.6%). Meanwhile, imports edged up 0.1% to EUR 55.8 billion, with higher arrivals from non-EU countries (+2.1%) nearly offset by lower imports from EU countries (-1.9%). Imports rose sharply for animal and vegetable oils (+49.9%) and, to a lesser extent, food and live animals (+2.3%), partially offset by declines in beverages and tobacco (-2.9%), raw materials (-8.2%), and mineral fuels and lubricants (-11.4%). For the January–November period, the country’s trade surplus narrowed to EUR 111.3 billion from EUR 123.5 billion in the same period last year.