Trade Balance (USD billion)
The trade balance is the net sum of a country’s exports and imports of goods without taking into account all financial transfers, investments and other financial components. A country's trade balance is positive (meaning that it registers a surplus) if the value of exports exceeds the value of imports. Conversely, a country's trade balance is negative, or registers a deficit, if the value of imports exceeds that of exports. The trade balance is the official term that is used for net exports in the current account.
The table below shows the trade balance in U.S. dollar (USD) billions by country for the last five years.
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Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Albania | - | - | - | - | - |
| Algeria | -18.1 | -20.1 | -14.4 | -7.5 | - |
| Angola | 12.5 | 14.5 | 20.2 | 25.0 | 20.6 |
| Argentina | -3.4 | 2.1 | -8.3 | -3.7 | 16.0 |
| Armenia | -1.2 | -0.9 | -1.4 | -1.8 | -2.1 |
| Australia | -13.1 | 3.1 | 10.0 | 30.3 | 57.2 |
| Austria | 2.5 | 2.9 | 1.7 | 4.2 | 4.3 |
| Azerbaijan | 5.8 | 4.2 | 6.1 | 9.8 | 8.5 |
| Bahrain | 0.8 | -0.8 | -0.5 | -1.1 | 0.9 |
| Bangladesh | -5.9 | -5.4 | -9.5 | -18.2 | -15.4 |
| Belarus | -2.1 | -2.5 | -3.0 | -2.5 | -4.1 |
| Belgium | 21.3 | 19.0 | 21.2 | 13.6 | 19.0 |
| Belize | -0.4 | -0.4 | -0.4 | -0.4 | -0.5 |
| Bolivia | -0.4 | -0.9 | -0.5 | -0.5 | -0.2 |
| Bosnia and Herzegovina | -4.1 | -4.0 | -4.3 | -4.5 | -4.6 |
| Botswana | -0.7 | 1.5 | 0.8 | 0.5 | -1.3 |
| Brazil | 19.5 | 47.6 | 67.0 | 58.0 | 48.0 |
| Brunei | 2.9 | 2.2 | 2.4 | 2.4 | 2.1 |
| Bulgaria | -2.9 | -1.1 | -0.9 | -2.2 | -1.9 |
| Cambodia | -4.0 | -3.9 | -4.3 | -5.9 | -7.3 |
| Canada | -19.3 | -18.9 | -18.6 | -17.1 | -13.9 |
| Chile | 3.4 | 4.9 | 7.4 | 4.6 | 4.2 |
| China | 594 | 510 | 420 | 351 | 421 |
| Colombia | -13.5 | -9.2 | -4.5 | -5.1 | -8.5 |
| Costa Rica | -5.5 | -5.3 | -5.3 | -5.3 | -4.7 |
| Croatia | -7.7 | -8.2 | -8.8 | -10.9 | -10.6 |
| Cyprus | -3.8 | -4.9 | -6.0 | -5.7 | -5.8 |
| Czech Republic | 7.6 | 10.1 | 10.9 | 9.4 | - |
| DR Congo | - | - | - | - | - |
| Denmark | 9.3 | 10.3 | 9.3 | 6.9 | 12.7 |
| Dominican Republic | -7.5 | -7.6 | -7.6 | -9.3 | -9.1 |
| Ecuador | -3.2 | 0.5 | -0.9 | -1.5 | -0.2 |
| Egypt | -39.1 | -38.7 | -37.3 | -37.3 | -38.0 |
| El Salvador | -4.8 | -4.4 | -4.8 | -5.9 | -6.1 |
| Estonia | -1.7 | -1.8 | -2.1 | -2.1 | -1.9 |
| Ethiopia | -13.8 | -13.6 | -12.9 | -12.6 | - |
| Eurozone | 385 | 400 | 391 | 355 | 361 |
| Finland | 2.2 | 0.1 | 1.7 | 0.3 | 2.9 |
| France | -32.1 | -36.0 | -51.3 | -57.5 | -52.5 |
| Georgia | -4.0 | -3.9 | -3.8 | -4.1 | -3.7 |
| Germany | 274 | 277 | 287 | 271 | 250 |
| Ghana | -3.2 | -1.8 | 1.2 | 1.8 | 2.3 |
| Greece | -19.6 | -19.8 | -22.3 | -26.5 | -25.6 |
| Guatemala | -7.0 | -6.6 | -7.4 | -8.7 | -8.7 |
| Haiti | -2.4 | -2.2 | -2.6 | -3.4 | - |
| Honduras | -2.9 | -2.6 | -2.7 | -3.7 | -3.2 |
| Hong Kong | -57.1 | -54.5 | -61.9 | -71.7 | -54.1 |
| Hungary | 9.5 | 10.8 | 9.1 | 6.6 | 5.4 |
| Iceland | -0.6 | -1.2 | -2.2 | -2.2 | -1.3 |
| India | -117.3 | -108.9 | -158.6 | -182.3 | -153.5 |
| Indonesia | 7.7 | 9.5 | 11.8 | -8.7 | -3.2 |
| Iran | 5.4 | 20.8 | 22.6 | 32.6 | - |
| Iraq | 11.0 | 12.2 | 25.4 | 47.5 | 32.2 |
| Ireland | 47.3 | 49.4 | 45.0 | 57.6 | 69.9 |
| Israel | -3.4 | -8.3 | -11.4 | -18.3 | -16.9 |
| Italy | 46.1 | 54.8 | 54.1 | 46.2 | - |
| Jamaica | -3.8 | -3.4 | -4.2 | -4.2 | -4.8 |
| Japan | -7.7 | 48.3 | 44.0 | 13.2 | 2.1 |
| Jordan | -12.6 | -11.8 | -13.0 | -12.6 | -11.0 |
| Kazakhstan | 11.6 | 9.3 | 16.7 | 25.6 | 19.1 |
| Kenya | -10.1 | -8.5 | -10.9 | -11.4 | -11.8 |
| Korea | 90.3 | 89.2 | 95.2 | 69.7 | 38.9 |
| Kosovo | -2.6 | -2.8 | -3.0 | -3.5 | -3.5 |
| Kuwait | 27.8 | 19.5 | 25.7 | 40.8 | - |
| Kyrgyzstan | -2.2 | -2.1 | -2.4 | -3.0 | -2.6 |
| Laos | -2.0 | -1.1 | -0.8 | -0.9 | -0.5 |
| Latvia | -2.5 | -2.1 | -2.5 | -2.7 | -2.8 |
| Lebanon | -13.6 | -14.0 | -14.4 | -15.1 | - |
| Lithuania | -2.4 | -2.1 | -2.3 | -3.2 | -2.5 |
| Luxembourg | -6.7 | -6.4 | -7.2 | -7.8 | -8.1 |
| Malaysia | 23.2 | 21.2 | 23.0 | 30.7 | 33.2 |
| Malta | -2.1 | -2.1 | -1.6 | -1.8 | -1.6 |
| Mexico | -14.7 | -13.1 | -11.0 | -13.6 | 5.4 |
| Moldova | -2.1 | -2.1 | -2.6 | -3.3 | -3.3 |
| Mongolia | 0.9 | 1.6 | 1.9 | 1.1 | 1.5 |
| Montenegro | -1.6 | -1.8 | -2.1 | -2.4 | -2.4 |
| Morocco | -14.7 | -17.6 | -18.0 | -20.3 | -20.0 |
| Mozambique | -4.2 | -1.4 | -0.5 | -1.0 | -2.1 |
| Myanmar | -3.8 | -3.6 | -5.8 | -4.3 | - |
| Netherlands | 52.0 | 60.1 | 65.8 | 66.8 | 63.1 |
| New Zealand | -2.5 | -2.2 | -2.0 | -4.3 | -2.9 |
| Nicaragua | -3.5 | -3.7 | -3.5 | -2.7 | - |
| Nigeria | -6.4 | -0.5 | 13.1 | 20.5 | 2.9 |
| North Macedonia | -2.0 | -2.0 | -2.0 | -2.1 | -2.2 |
| Norway | 27.5 | 14.4 | 21.5 | 35.6 | 17.8 |
| Oman | 9.1 | 6.3 | 8.8 | 18.1 | - |
| Pakistan | -17.3 | -19.1 | -26.0 | -30.9 | -27.6 |
| Panama | -8.3 | -7.8 | -8.5 | -9.2 | -7.9 |
| Paraguay | 0.8 | 2.2 | 1.9 | 0.8 | 0.5 |
| Peru | -2.9 | 2.0 | 6.7 | 7.2 | 6.6 |
| Philippines | -12.2 | -26.7 | -27.4 | -43.5 | -40.7 |
| Poland | 2.5 | 3.3 | 1.5 | -5.6 | 2.7 |
| Portugal | -11.9 | -12.6 | -16.6 | -20.7 | -22.8 |
| Puerto Rico | 26.4 | 28.4 | 25.2 | 14.1 | 14.3 |
| Qatar | 48.8 | 25.4 | 36.5 | 51.0 | 41.6 |
| Romania | -9.4 | -11.0 | -14.8 | -17.6 | -19.7 |
| Russia | 148 | 90.2 | 115 | 194 | 163 |
| Saudi Arabia | 44.3 | 55.8 | 98.5 | 169 | 129 |
| Serbia | -4.4 | -3.5 | -4.5 | -6.0 | -6.3 |
| Singapore | 92.5 | 90.8 | 97.0 | 104 | 97.6 |
| Slovakia | 3.1 | 1.8 | 0.8 | 0.1 | -3.0 |
| Slovenia | 1.7 | 1.7 | 1.9 | 1.5 | 1.5 |
| South Africa | -3.7 | 2.1 | 4.9 | 1.8 | 2.7 |
| Spain | -26.9 | -20.8 | -28.2 | -39.5 | -36.4 |
| Sri Lanka | -8.4 | -8.9 | -9.6 | -10.3 | -8.0 |
| Sweden | 14.2 | 11.0 | 11.3 | 11.1 | 18.5 |
| Switzerland | 36.8 | 32.8 | 29.7 | 31.2 | 36.1 |
| Taiwan | 48.1 | 50.0 | 58.3 | 49.2 | 43.5 |
| Tajikistan | -2.3 | -1.9 | -1.5 | -1.9 | -1.7 |
| Tanzania | -5.0 | -3.6 | -3.0 | -3.6 | -3.4 |
| Thailand | 26.1 | 35.8 | 32.6 | 22.4 | 26.6 |
| Trinidad and Tobago | 3.9 | 1.2 | 3.0 | 3.9 | - |
| Tunisia | -5.0 | -4.8 | -5.3 | -6.0 | -5.4 |
| Turkey | -49.0 | -39.9 | -58.6 | -40.8 | -16.7 |
| Turkmenistan | 3.5 | 2.7 | 3.6 | 7.2 | 6.8 |
| USA | -761.9 | -749.8 | -799.4 | -880.3 | -864.3 |
| Uganda | -2.3 | -1.6 | -1.7 | -2.5 | -2.7 |
| Ukraine | -3.5 | -6.9 | -9.7 | -12.7 | -14.3 |
| United Arab Emirates | 76.6 | 68.4 | 67.2 | 85.6 | 74.8 |
| United Kingdom | -163.9 | -225.9 | -199.8 | -186.0 | -224.0 |
| Uruguay | 1.3 | 1.9 | 2.4 | 2.4 | 2.9 |
| Uzbekistan | -14.0 | -2.4 | -2.2 | -6.9 | -7.3 |
| Venezuela | 3.9 | 11.0 | 22.0 | 20.9 | - |
| Vietnam | 7.4 | 11.0 | 10.8 | 16.5 | 45.4 |
| Yemen | -6.1 | -6.5 | -6.1 | -7.0 | -8.9 |
| Zambia | 0.2 | 0.2 | 1.0 | 0.5 | 0.7 |
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Trade Balance Economic News
-
China: Export growth accelerates on July due to strong global demand for medical supplies
August 7, 2020
In July, exports expanded 7.2% over the same month in the previous year, following June’s 0.5% rise.
-
Malaysia: Merchandise exports rebound in June
August 5, 2020
Merchandise exports soared 6.1% in annual and USD terms in June, rebounding solidly after May’s 28.6% dive amid the global lockdown to combat the coronavirus.
-
Korea: Exports fall at slower pace in July
August 3, 2020
Merchandise exports fell 7.0% year-on-year in July, less steep than the 10.9% year-on-year fall in June, to total USD 42.8 billion (June: USD 39.2 billion).
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