The Netherlands’ current account surplus widened to €28.2 billion in the first quarter of 2025 from €27.9 billion a year earlier, driven primarily by a widening goods trade surplus, which climbed to €24.9 billion from €20.9 billion.

Meanwhile, the services surplus edged slightly lower to €9.0 billion from €9.2 billion.

In contrast, the primary income account swung to a €0.7 billion deficit from a €1.9 billion surplus in the same period last year.

The secondary income shortfall also widened to €5.0 billion from €4.2 billion a year earlier.