The Netherlands’ current account surplus narrowed to €13.2 billion in the second quarter of 2025, down from €20.4 billion in the same period last year. This marks the smallest surplus since the third quarter of 2022, mainly due to a lower goods trade surplus, which fell to €15.0 billion from €16.7 billion in Q2 2024. The primary income deficit also widened, reaching €13.9 billion compared with €7.1 billion a year earlier. Meanwhile, the services surplus increased to €13.5 billion from €12.3 billion, while the secondary income deficit was little changed at €1.4 billion.