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
-
Argentina: Merchandise exports plunge in September
October 23, 2020
Merchandise exports tumbled 18.0% in annual terms in September, following August’s 11.3% slump.
-
Japan: Contraction in exports continues to soften in September
October 20, 2020
Yen-denominated merchandise exports fell 4.9% in annual terms in September, on the heels of August’s 14.8% plunge.
-
Singapore: Non-oil exports rise at a milder pace in September
October 16, 2020
Non-oil domestic exports (NODX) rose 5.9% in annual terms in September, rising at a slower pace than August’s 7.7% increase and falling short of market expectations.
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