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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Albania | - | - | - | - | - |
| Algeria | 9.4 | 0.5 | -18.1 | -20.1 | -14.4 |
| Angola | 41.9 | 30.6 | 12.5 | 14.5 | 20.2 |
| Argentina | 1.5 | 2.7 | -3.4 | 2.1 | -8.3 |
| Armenia | -2.2 | -2.1 | -1.2 | -0.9 | -1.4 |
| Australia | 20.3 | 11.9 | -13.1 | 3.1 | 10.0 |
| Austria | -1.3 | 1.2 | 2.5 | 2.1 | 1.0 |
| Azerbaijan | 20.6 | 18.9 | 5.8 | 4.2 | 6.1 |
| Bahrain | 4.3 | 3.7 | 0.8 | -0.8 | -0.7 |
| Bangladesh | -10.3 | -6.8 | -7.0 | -6.5 | -9.5 |
| Belarus | -4.6 | -2.6 | -2.1 | -2.5 | -3.0 |
| Belgium | 17.8 | 19.0 | 21.4 | 19.0 | 21.8 |
| Belize | -0.3 | -0.3 | -0.4 | -0.4 | -0.4 |
| Bolivia | 3.1 | 2.9 | -0.4 | -0.9 | -0.5 |
| Bosnia and Herzegovina | -4.7 | -5.5 | -4.1 | -4.0 | -4.3 |
| Botswana | -0.1 | 0.8 | -0.7 | 1.5 | 0.8 |
| Brazil | 2.3 | -4.0 | 19.7 | 47.7 | 67.1 |
| Brunei | 6.9 | 7.4 | 2.9 | 2.2 | 2.4 |
| Bulgaria | -3.8 | -3.8 | -2.9 | -1.1 | -0.9 |
| Cambodia | -3.7 | -3.9 | -4.0 | -3.9 | -4.3 |
| Canada | -7.9 | 4.2 | -19.3 | -19.3 | -19.0 |
| Chile | 2.0 | 6.5 | 3.4 | 4.9 | 7.4 |
| China | 259 | 383 | 594 | 510 | 420 |
| Colombia | 3.2 | -4.6 | -13.5 | -9.1 | -4.6 |
| Costa Rica | -6.4 | -6.4 | -5.5 | -5.3 | -5.3 |
| Croatia | -9.2 | -9.1 | -7.7 | -8.2 | -8.8 |
| Cyprus | -4.2 | -5.0 | -3.8 | -4.9 | -6.0 |
| Czech Republic | 8.5 | 10.8 | 7.6 | 10.1 | 10.9 |
| DR Congo | - | - | - | - | - |
| Denmark | 13.2 | 11.8 | 9.3 | 10.3 | 9.3 |
| Dominican Republic | -7.4 | -7.4 | -7.5 | -7.6 | -7.6 |
| Ecuador | -2.3 | -2.0 | -3.2 | 0.5 | -0.9 |
| Egypt | -30.7 | -34.1 | -39.1 | -38.7 | -37.3 |
| El Salvador | -5.2 | -5.2 | -4.8 | -4.4 | -4.8 |
| Estonia | -2.1 | -2.4 | -1.7 | -1.8 | -2.1 |
| Ethiopia | -9.1 | -12.0 | -13.8 | -13.6 | -12.9 |
| Eurozone | 277 | 321 | 366 | 384 | 360 |
| Finland | 3.4 | 2.5 | 2.1 | 0.4 | 1.8 |
| France | -57.1 | -57.1 | -32.1 | -36.0 | -50.2 |
| Georgia | -3.5 | -4.3 | -4.0 | -3.9 | -3.8 |
| Germany | 273 | 295 | 274 | 277 | 287 |
| Ghana | -3.8 | -1.3 | -3.2 | -1.8 | 1.2 |
| Greece | -27.6 | -29.6 | -19.6 | -19.8 | -22.3 |
| Guatemala | -6.2 | -6.1 | -5.6 | -5.2 | -6.0 |
| Haiti | -2.4 | -2.7 | -2.4 | -2.2 | -2.6 |
| Honduras | -3.1 | -3.0 | -2.9 | -2.6 | -2.7 |
| Hong Kong | -64.8 | -70.9 | -57.1 | -54.5 | -61.9 |
| Hungary | 8.7 | 8.3 | 9.5 | 10.8 | 9.1 |
| Iceland | 0.0 | -0.3 | -0.6 | -1.2 | -2.2 |
| India | -136.7 | -137.5 | -117.3 | -108.9 | -158.6 |
| Indonesia | -4.1 | -2.2 | 7.7 | 9.5 | 11.8 |
| Iran | 29.3 | 18.1 | 5.4 | 20.8 | 22.6 |
| Iraq | 36.0 | 35.6 | 11.0 | 12.2 | 25.4 |
| Ireland | 44.5 | 40.6 | 47.3 | 49.4 | 45.0 |
| Israel | -7.5 | -6.8 | -3.3 | -7.6 | -9.5 |
| Italy | 38.7 | 55.6 | 46.1 | 54.8 | 54.1 |
| Jamaica | -3.9 | -3.8 | -3.2 | -2.9 | -3.6 |
| Japan | -88.9 | -101.3 | -7.6 | 48.4 | 44.4 |
| Jordan | -14.2 | -14.5 | -12.6 | -11.8 | -13.0 |
| Kazakhstan | 36.0 | 36.6 | 11.6 | 9.3 | 16.7 |
| Kenya | -10.2 | -10.9 | -8.5 | -7.7 | -10.3 |
| Korea | 44.0 | 47.2 | 90.3 | 89.2 | 95.2 |
| Kosovo | -2.8 | -3.0 | -2.6 | -2.8 | -3.0 |
| Kuwait | 89.6 | 78.3 | 27.8 | 19.5 | 25.6 |
| Kyrgyzstan | -4.0 | -2.8 | -2.2 | -2.1 | -2.4 |
| Laos | -0.8 | -1.7 | -2.0 | -1.1 | -0.8 |
| Latvia | -3.5 | -3.4 | -2.4 | -2.1 | -2.9 |
| Lebanon | -15.3 | -15.0 | -13.3 | -14.0 | -14.4 |
| Lithuania | -1.2 | -1.3 | -2.2 | -2.0 | -2.2 |
| Luxembourg | -9.6 | -9.2 | -6.7 | -6.4 | -7.2 |
| Malaysia | 22.4 | 25.1 | 23.2 | 21.2 | 23.0 |
| Malta | -1.4 | -1.5 | -2.1 | -2.1 | -1.6 |
| Mexico | -1.2 | -3.1 | -14.7 | -13.1 | -11.0 |
| Moldova | -3.1 | -3.0 | -2.1 | -2.1 | -2.6 |
| Mongolia | -2.1 | 0.5 | 0.9 | 1.6 | 1.9 |
| Montenegro | -1.7 | -1.9 | -1.6 | -1.8 | -2.1 |
| Morocco | -20.5 | -21.0 | -14.7 | -17.6 | -18.0 |
| Mozambique | -4.4 | -4.0 | -4.2 | -1.4 | -0.5 |
| Myanmar | -0.1 | -1.9 | -3.8 | -3.6 | -5.8 |
| Netherlands | 62.0 | 67.7 | 52.0 | 60.1 | 65.8 |
| New Zealand | -0.3 | -1.0 | -2.5 | -2.2 | -2.0 |
| Nicaragua | -3.3 | -3.2 | -3.5 | -3.7 | -3.6 |
| Nigeria | 43.8 | 21.0 | -6.4 | -0.5 | 13.1 |
| North Macedonia | -2.5 | -2.5 | -2.0 | -2.0 | -2.0 |
| Norway | 66.2 | 55.3 | 27.5 | 14.4 | 21.5 |
| Oman | 24.4 | 25.6 | 9.1 | 6.2 | 8.7 |
| Pakistan | -15.4 | -16.6 | -17.3 | -19.3 | -26.7 |
| Panama | -6.9 | -8.9 | -8.3 | -7.8 | -8.5 |
| Paraguay | 1.7 | 1.0 | 0.8 | 2.2 | 1.9 |
| Peru | 0.5 | -1.5 | -2.9 | 2.0 | 6.7 |
| Philippines | -5.7 | -3.3 | -12.2 | -26.7 | -27.4 |
| Poland | -0.4 | -4.3 | 2.5 | 3.3 | 1.5 |
| Portugal | -12.9 | -14.6 | -11.9 | -12.4 | -16.4 |
| Puerto Rico | 17.3 | 19.7 | 26.4 | 28.4 | 25.2 |
| Qatar | 102 | 95.5 | 48.8 | 25.4 | 36.7 |
| Romania | -7.5 | -8.3 | -9.4 | -11.0 | -14.8 |
| Russia | 181 | 189 | 148 | 90.2 | 115 |
| Saudi Arabia | 223 | 184 | 44.3 | 55.8 | 98.5 |
| Serbia | -5.5 | -5.5 | -4.4 | -3.5 | -4.5 |
| Singapore | 78.8 | 86.7 | 92.6 | 87.2 | 92.5 |
| Slovakia | 3.9 | 3.9 | 3.1 | 1.8 | 0.8 |
| Slovenia | 0.9 | 1.6 | 1.7 | 1.7 | 1.8 |
| South Africa | -7.2 | -6.9 | -5.0 | 1.2 | 5.8 |
| Spain | -20.7 | -33.5 | -26.9 | -20.8 | -28.2 |
| Sri Lanka | -7.6 | -8.3 | -8.4 | -8.9 | -9.6 |
| Sweden | 18.6 | 17.4 | 13.8 | 11.6 | 10.9 |
| Switzerland | 36.3 | 35.6 | 36.8 | 32.8 | 29.7 |
| Taiwan | 33.4 | 38.2 | 48.1 | 49.8 | 58.0 |
| Tajikistan | -3.4 | -2.5 | -2.0 | -1.7 | -1.2 |
| Tanzania | -5.8 | -5.7 | -4.5 | -3.5 | -3.0 |
| Thailand | 0.0 | 17.5 | 26.1 | 35.8 | 32.5 |
| Trinidad and Tobago | 8.3 | 7.0 | 3.9 | 1.2 | 3.0 |
| Tunisia | -5.8 | -6.7 | -5.1 | -4.7 | -5.3 |
| Turkey | -79.9 | -63.6 | -48.1 | -40.9 | -59.0 |
| Turkmenistan | 3.0 | 3.0 | 3.5 | 2.4 | 3.0 |
| USA | -700.5 | -749.9 | -761.9 | -749.8 | -805.2 |
| Uganda | -2.1 | -2.4 | -2.3 | -1.6 | -1.7 |
| Ukraine | -22.1 | -7.1 | -3.5 | -6.9 | -9.7 |
| United Arab Emirates | 140 | 108 | 76.6 | 68.4 | 67.2 |
| United Kingdom | -114.2 | -182.8 | -163.9 | -225.6 | -199.7 |
| Uruguay | 1.1 | 2.0 | 1.3 | 1.9 | 2.1 |
| Uzbekistan | -10.6 | -12.6 | -10.5 | -2.4 | -2.2 |
| Venezuela | 31.6 | 27.4 | 3.9 | 11.0 | 22.0 |
| Vietnam | 0.0 | 2.4 | -3.8 | 1.6 | 1.9 |
| Yemen | -6.2 | -9.6 | -6.1 | -7.1 | -6.8 |
| Zambia | 1.6 | 1.7 | 0.2 | 0.2 | 1.0 |
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Trade Balance Economic News
Indonesia: Indonesia records a trade deficit in September, decline in exports and imports softens
October 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 0.2 billion in September, contrasting with market expectations of a surplus and driven by a much slower fall in imports.
Indonesia: Indonesia records small trade surplus in August; exports and imports shrink
September 16, 2019
According to Statistics Indonesia, the country recorded a trade surplus of USD 0.1 billion in August, contrasting July’s USD 0.1 billion deficit and a significant improvement from the USD 1.0 billion deficit recorded in August 2018.
China: Exports drop in August as shipments to the U.S. nosedive
September 8, 2019
In August, exports fell 1.0% over the same month last year.
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