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 | -14.3 |
| Angola | 41.9 | 30.6 | 12.5 | 14.5 | 20.4 |
| Argentina | 1.5 | 3.2 | -3.0 | 2.1 | -8.5 |
| Armenia | -2.2 | -2.1 | -1.2 | -0.9 | -1.5 |
| Australia | 20.3 | 11.9 | -13.1 | 3.1 | 10.0 |
| Austria | -1.3 | 1.2 | 2.3 | 0.3 | -1.4 |
| Azerbaijan | 21.4 | 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 | -2.9 |
| Belgium | 17.8 | 19.0 | 21.4 | 18.9 | 23.7 |
| Belize | -0.3 | -0.3 | -0.4 | -0.4 | -0.4 |
| Bolivia | 2.5 | 2.1 | -1.2 | -1.5 | -1.6 |
| Bosnia and Herzegovina | -4.7 | -5.5 | -4.1 | -4.0 | - |
| Botswana | -0.1 | 0.8 | -0.7 | 1.5 | 0.9 |
| Brazil | 2.3 | -4.0 | 19.7 | 47.7 | 67.1 |
| Brunei | 7.8 | 6.9 | 3.1 | 2.6 | - |
| Bulgaria | -3.8 | -3.8 | -2.9 | -1.1 | -2.4 |
| Cambodia | -3.2 | -3.2 | -3.5 | -3.4 | - |
| Canada | -3.6 | 13.2 | -9.5 | -12.1 | -11.1 |
| Chile | 2.0 | 6.5 | 3.4 | 5.4 | 7.9 |
| China | 259 | 383 | 594 | 510 | 419 |
| Colombia | 2.2 | -6.2 | -15.6 | -11.1 | -6.2 |
| Costa Rica | -6.4 | -6.4 | -5.5 | -5.4 | -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 | 10.1 |
| DR Congo | 0.8 | -0.4 | -0.3 | -0.2 | - |
| Denmark | 13.2 | 11.8 | 9.3 | 9.9 | 9.3 |
| Dominican Republic | -7.4 | -7.4 | -7.5 | -7.6 | -7.6 |
| Ecuador | -0.9 | -2.0 | -3.2 | 0.5 | -0.9 |
| Egypt | -30.7 | -34.1 | -39.1 | -38.7 | -36.6 |
| 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 | - |
| Eurozone | 275 | 321 | 398 | 415 | 391 |
| Finland | 3.4 | 2.5 | 1.9 | 0.9 | 2.5 |
| France | -57.1 | -57.1 | -32.1 | -38.3 | -53.8 |
| Georgia | -5.1 | -5.7 | -5.5 | -7.7 | -5.3 |
| Germany | 285 | 306 | 288 | 294 | 301 |
| Ghana | -3.8 | -1.4 | -3.2 | -1.8 | 1.1 |
| Greece | -23.8 | -24.7 | -15.9 | -17.9 | -20.4 |
| 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 | -2.6 |
| 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 | -136.6 | -137.5 | -117.2 | -109.0 | -157.0 |
| Indonesia | -4.1 | -2.2 | 7.7 | 9.5 | 11.8 |
| Iran | 29.3 | 18.1 | 5.4 | 20.8 | - |
| Iraq | 30.4 | 26.8 | 3.3 | 7.1 | 18.8 |
| Ireland | 44.5 | 40.7 | 47.3 | 49.6 | 49.3 |
| Israel | -7.9 | -7.2 | -3.3 | -7.4 | -9.5 |
| Italy | 38.7 | 55.6 | 46.1 | 54.8 | 53.9 |
| Jamaica | -4.6 | -4.4 | -3.7 | -3.6 | - |
| Japan | -117.5 | -122.4 | -23.3 | 37.0 | 26.1 |
| Jordan | -11.7 | -12.0 | -10.3 | -9.6 | -10.7 |
| Kazakhstan | 34.8 | 36.2 | 12.7 | 9.2 | 17.5 |
| Kenya | -10.5 | -12.4 | -10.1 | -7.9 | -10.9 |
| 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 | 20.1 | 23.5 |
| Kyrgyzstan | -2.8 | -2.8 | -2.2 | -2.1 | -2.3 |
| Laos | -0.8 | -1.6 | -2.5 | -1.4 | - |
| Latvia | -3.5 | -3.2 | -2.4 | -2.1 | -3.0 |
| Lebanon | -15.3 | -17.5 | -15.0 | -15.4 | -15.9 |
| Lithuania | -2.2 | -2.0 | -2.8 | -2.3 | -2.7 |
| Luxembourg | -9.9 | -9.1 | -6.6 | -6.4 | -7.2 |
| Malaysia | 22.4 | 25.1 | 23.2 | 21.2 | 22.7 |
| Malta | -1.4 | -1.5 | -2.1 | -2.1 | - |
| Mexico | -1.2 | -3.1 | -14.7 | -13.1 | -11.0 |
| Moldova | -3.1 | -3.0 | -2.0 | -2.0 | -2.4 |
| Mongolia | -2.1 | 0.5 | 0.9 | 1.6 | 1.9 |
| Montenegro | -1.7 | -1.9 | -1.6 | -1.8 | -2.1 |
| Morocco | -23.6 | -21.2 | -14.7 | -17.8 | -18.2 |
| Mozambique | -4.4 | -4.1 | -4.2 | -1.4 | -0.5 |
| Myanmar | -0.1 | -1.9 | -3.8 | -3.7 | - |
| Netherlands | 62.0 | 67.7 | 52.0 | 57.8 | 64.1 |
| 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 | 21.2 |
| Oman | 24.4 | 25.6 | 9.1 | 6.2 | - |
| Pakistan | -15.4 | -16.6 | -17.2 | -18.4 | -26.7 |
| Panama | -9.5 | -10.8 | -9.7 | -8.8 | -9.4 |
| Paraguay | 1.7 | 1.0 | 0.6 | 1.4 | 0.6 |
| Peru | 0.5 | -1.5 | -2.9 | 1.9 | 6.2 |
| Philippines | -5.7 | -3.3 | -12.2 | -26.7 | -30.0 |
| Poland | -0.5 | -4.3 | 2.5 | 3.3 | 0.9 |
| Portugal | -12.9 | -14.6 | -11.9 | -12.4 | -15.7 |
| Puerto Rico | 17.4 | 20.0 | 26.2 | 28.5 | 24.9 |
| Qatar | 102 | 95.5 | 48.8 | 25.4 | 36.5 |
| Romania | -7.5 | -8.3 | -9.4 | -11.0 | -14.8 |
| Russia | 181 | 189 | 148 | 90.3 | 115 |
| Saudi Arabia | 223 | 184 | 44.3 | 55.8 | 102 |
| Serbia | -5.5 | -5.5 | -4.4 | -3.5 | -4.5 |
| Singapore | 76.1 | 85.2 | 89.8 | 85.5 | 84.4 |
| Slovakia | 3.9 | 3.9 | 3.1 | 1.8 | 0.7 |
| Slovenia | 0.9 | 1.6 | 1.7 | 1.7 | 1.8 |
| South Africa | -7.2 | -6.9 | -5.0 | 1.2 | 6.0 |
| 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 | 12.0 | 12.4 |
| Switzerland | 36.3 | 35.6 | 36.8 | 32.8 | 29.7 |
| Taiwan | 33.4 | 38.2 | 48.1 | 49.8 | 58.0 |
| Tajikistan | -3.0 | -3.6 | -2.5 | -2.1 | -1.6 |
| Tanzania | -5.8 | -5.7 | -4.5 | -2.8 | - |
| Thailand | 0.1 | 17.2 | 26.8 | 36.6 | 31.8 |
| Trinidad and Tobago | 7.6 | 6.4 | 2.5 | -1.2 | - |
| Tunisia | -7.1 | -8.1 | -6.2 | -5.8 | -6.4 |
| Turkey | -79.9 | -63.6 | -48.1 | -40.9 | -58.9 |
| Turkmenistan | 6.8 | 7.5 | 6.0 | 4.0 | - |
| USA | -700.5 | -749.9 | -761.9 | -751.1 | -807.5 |
| Uganda | -2.1 | -2.4 | -2.3 | -1.5 | -1.7 |
| Ukraine | -22.1 | -7.1 | -3.5 | -6.8 | -9.4 |
| United Arab Emirates | 140 | 108 | 76.6 | 68.3 | - |
| United Kingdom | -114.2 | -182.8 | -163.9 | -225.6 | -200.3 |
| Uruguay | 1.8 | 1.6 | 1.2 | 0.6 | 0.0 |
| Uzbekistan | -5.4 | -6.9 | -4.3 | -2.4 | - |
| Venezuela | 31.6 | 27.2 | 2.2 | - | - |
| Vietnam | 0.4 | 0.8 | -4.1 | 2.1 | 2.9 |
| Yemen | -6.2 | -9.6 | -6.1 | -6.9 | - |
| Zambia | 0.0 | -0.1 | -1.4 | -1.0 | -0.6 |
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Trade Balance Economic News
China: Exports rebound slightly in May
June 10, 2019
In May, exports rose 1.1% over the same month last year, which contrasted the 2.7% decline in April.
Indonesia: Indonesia registers record trade deficit in April
May 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 2.5 billion in April, contrasting March’s revised USD 0.7 billion surplus and coming in substantially above market expectations of a mere USD 0.5 billion shortfall.
China: Exports contract in April as U.S. sanctions bite
May 8, 2019
In April, exports fell 2.7% over the same month last year, which contrasted the 13.8% expansion in March.
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