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
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Albania | - | - | - | - | - |
| Algeria | 0.5 | -18.1 | -20.1 | -14.4 | -7.5 |
| Angola | 30.6 | 12.5 | 14.5 | 20.2 | 25.0 |
| Argentina | 2.7 | -3.4 | 2.1 | -8.3 | -3.8 |
| Armenia | -2.1 | -1.2 | -0.9 | -1.4 | -1.8 |
| Australia | 11.9 | -13.1 | 3.1 | 10.0 | 30.3 |
| Austria | 1.2 | 2.5 | 2.1 | 1.0 | 5.2 |
| Azerbaijan | 18.9 | 5.8 | 4.2 | 6.1 | 9.8 |
| Bahrain | 3.7 | 0.8 | -0.8 | -0.7 | -0.8 |
| Bangladesh | -6.8 | -7.0 | -6.5 | -9.5 | -18.3 |
| Belarus | -2.6 | -2.1 | -2.5 | -3.0 | -2.7 |
| Belgium | 19.0 | 21.4 | 19.0 | 21.8 | 16.0 |
| Belize | -0.3 | -0.4 | -0.4 | -0.4 | -0.4 |
| Bolivia | 2.9 | -0.4 | -0.9 | -0.5 | -0.5 |
| Bosnia and Herzegovina | -5.5 | -4.1 | -4.0 | -4.3 | -4.5 |
| Botswana | 0.8 | -0.7 | 1.5 | 0.8 | 0.3 |
| Brazil | -4.0 | 19.7 | 47.7 | 67.1 | 58.0 |
| Brunei | 7.4 | 2.9 | 2.2 | 2.4 | 2.4 |
| Bulgaria | -3.8 | -2.9 | -1.1 | -0.9 | -2.6 |
| Cambodia | -3.9 | -4.0 | -3.9 | -4.3 | -5.9 |
| Canada | 4.2 | -19.3 | -19.3 | -19.0 | -16.9 |
| Chile | 6.5 | 3.4 | 4.9 | 7.4 | 4.7 |
| China | 383 | 594 | 510 | 420 | 351 |
| Colombia | -4.6 | -13.5 | -9.1 | -4.6 | -5.2 |
| Costa Rica | -6.4 | -5.5 | -5.3 | -5.3 | -5.3 |
| Croatia | -9.1 | -7.7 | -8.2 | -8.8 | -10.9 |
| Cyprus | -5.0 | -3.8 | -4.9 | -6.0 | -5.7 |
| Czech Republic | 10.8 | 7.6 | 10.1 | 10.9 | 10.2 |
| DR Congo | - | - | - | - | - |
| Denmark | 11.8 | 9.3 | 10.3 | 9.3 | 6.3 |
| Dominican Republic | -7.4 | -7.5 | -7.6 | -7.6 | -9.3 |
| Ecuador | -2.0 | -3.2 | 0.5 | -0.9 | -1.6 |
| Egypt | -34.1 | -39.1 | -38.7 | -37.3 | -37.3 |
| El Salvador | -5.2 | -4.8 | -4.4 | -4.8 | -5.8 |
| Estonia | -2.4 | -1.7 | -1.8 | -2.1 | -2.1 |
| Ethiopia | -12.0 | -13.8 | -13.6 | -12.9 | -12.6 |
| Eurozone | 321 | 366 | 384 | 360 | - |
| Finland | 2.5 | 2.1 | 0.4 | 1.8 | 0.9 |
| France | -57.1 | -32.1 | -36.0 | -50.2 | -58.7 |
| Georgia | -4.3 | -4.0 | -3.9 | -3.8 | -4.1 |
| Germany | 295 | 274 | 277 | 287 | 265 |
| Ghana | -1.3 | -3.2 | -1.8 | 1.2 | 1.8 |
| Greece | -29.6 | -19.6 | -19.8 | -22.3 | -26.5 |
| Guatemala | -6.1 | -5.6 | -5.2 | -6.0 | -7.3 |
| Haiti | -2.7 | -2.4 | -2.2 | -2.6 | -3.4 |
| Honduras | -3.0 | -2.9 | -2.6 | -2.7 | -3.5 |
| Hong Kong | -70.9 | -57.1 | -54.5 | -61.9 | -71.7 |
| Hungary | 8.3 | 9.5 | 10.8 | 9.1 | 6.6 |
| Iceland | -0.3 | -0.6 | -1.2 | -2.2 | -2.2 |
| India | -137.5 | -117.3 | -108.9 | -158.6 | -176.4 |
| Indonesia | -2.2 | 7.7 | 9.5 | 11.8 | -8.7 |
| Iran | 18.1 | 5.4 | 20.8 | 22.6 | - |
| Iraq | 35.6 | 11.0 | 12.2 | 25.4 | 48.4 |
| Ireland | 40.6 | 47.3 | 49.4 | 45.0 | 57.8 |
| Israel | -6.8 | -3.3 | -7.6 | -9.5 | -17.9 |
| Italy | 55.6 | 46.1 | 54.8 | 54.1 | - |
| Jamaica | -3.8 | -3.2 | -2.9 | -3.6 | -3.5 |
| Japan | -101.3 | -7.6 | 48.4 | 44.4 | 14.0 |
| Jordan | -14.5 | -12.6 | -11.8 | -13.0 | -12.6 |
| Kazakhstan | 36.6 | 11.6 | 9.3 | 16.7 | 26.4 |
| Kenya | -10.9 | -8.5 | -7.7 | -10.3 | -10.3 |
| Korea | 47.2 | 90.3 | 89.2 | 95.2 | 69.7 |
| Kosovo | -3.0 | -2.6 | -2.8 | -3.0 | -3.5 |
| Kuwait | 78.3 | 27.8 | 19.5 | 25.6 | 46.4 |
| Kyrgyzstan | -2.8 | -2.2 | -2.1 | -2.4 | -2.8 |
| Laos | -1.7 | -2.0 | -1.1 | -0.8 | -0.9 |
| Latvia | -3.4 | -2.4 | -2.1 | -2.9 | -3.6 |
| Lebanon | -15.0 | -13.3 | -14.0 | -14.4 | -15.1 |
| Lithuania | -1.3 | -2.2 | -2.0 | -2.2 | -3.1 |
| Luxembourg | -9.2 | -6.7 | -6.4 | -7.2 | -8.0 |
| Malaysia | 25.1 | 23.2 | 21.2 | 23.0 | 29.9 |
| Malta | -1.5 | -2.1 | -2.1 | -1.6 | -1.7 |
| Mexico | -3.1 | -14.7 | -13.1 | -11.0 | -13.6 |
| Moldova | -3.0 | -2.1 | -2.1 | -2.6 | -3.3 |
| Mongolia | 0.5 | 0.9 | 1.6 | 1.9 | 1.1 |
| Montenegro | -1.9 | -1.6 | -1.8 | -2.1 | -2.4 |
| Morocco | -21.0 | -14.7 | -17.6 | -18.0 | -20.2 |
| Mozambique | -4.0 | -4.2 | -1.4 | -0.5 | -1.0 |
| Myanmar | -1.9 | -3.8 | -3.6 | -5.8 | - |
| Netherlands | 67.7 | 52.0 | 60.1 | 65.8 | 64.2 |
| New Zealand | -1.0 | -2.5 | -2.2 | -2.0 | -4.3 |
| Nicaragua | -3.2 | -3.5 | -3.7 | -3.6 | -2.7 |
| Nigeria | 21.0 | -6.4 | -0.5 | 13.1 | 22.3 |
| North Macedonia | -2.5 | -2.0 | -2.0 | -2.0 | -2.1 |
| Norway | 55.3 | 27.5 | 14.4 | 21.5 | 35.3 |
| Oman | 25.6 | 9.1 | 6.2 | 8.7 | - |
| Pakistan | -16.6 | -17.3 | -19.3 | -26.7 | -31.8 |
| Panama | -8.9 | -8.3 | -7.8 | -8.5 | -9.2 |
| Paraguay | 1.0 | 0.8 | 2.2 | 1.9 | 0.9 |
| Peru | -1.5 | -2.9 | 2.0 | 6.7 | 7.2 |
| Philippines | -3.3 | -12.2 | -26.7 | -27.4 | -43.5 |
| Poland | -4.3 | 2.5 | 3.3 | 1.5 | -6.1 |
| Portugal | -14.6 | -11.9 | -12.4 | -16.4 | -20.1 |
| Puerto Rico | 19.7 | 26.4 | 28.4 | 25.2 | 14.1 |
| Qatar | 95.5 | 48.8 | 25.4 | 36.7 | 51.0 |
| Romania | -8.3 | -9.4 | -11.0 | -14.8 | -17.7 |
| Russia | 189 | 148 | 90.2 | 115 | 194 |
| Saudi Arabia | 184 | 44.3 | 55.8 | 98.5 | 170 |
| Serbia | -5.5 | -4.4 | -3.5 | -4.5 | -6.2 |
| Singapore | 86.7 | 92.6 | 87.2 | 92.5 | 98.3 |
| Slovakia | 3.9 | 3.1 | 1.8 | 0.8 | 0.1 |
| Slovenia | 1.6 | 1.7 | 1.7 | 1.8 | 1.4 |
| South Africa | -6.9 | -5.0 | 1.2 | 5.8 | 1.0 |
| Spain | -33.5 | -26.9 | -20.8 | -28.2 | -39.5 |
| Sri Lanka | -8.3 | -8.4 | -8.9 | -9.6 | -10.3 |
| Sweden | 17.4 | 13.8 | 11.6 | 10.9 | 8.6 |
| Switzerland | 35.6 | 36.8 | 32.8 | 29.7 | 31.2 |
| Taiwan | 38.2 | 48.1 | 49.8 | 58.0 | 49.6 |
| Tajikistan | -2.5 | -2.0 | -1.7 | -1.2 | -1.7 |
| Tanzania | -5.7 | -4.5 | -3.5 | -3.0 | -3.8 |
| Thailand | 17.5 | 26.1 | 35.8 | 32.5 | 22.3 |
| Trinidad and Tobago | 7.0 | 3.9 | 1.2 | 3.0 | 3.7 |
| Tunisia | -6.7 | -5.1 | -4.7 | -5.3 | -6.0 |
| Turkey | -63.6 | -48.1 | -40.9 | -59.0 | -41.8 |
| Turkmenistan | 3.0 | 3.5 | 2.4 | 3.0 | - |
| USA | -749.9 | -761.9 | -749.8 | -805.2 | -887.3 |
| Uganda | -2.4 | -2.3 | -1.6 | -1.7 | -2.4 |
| Ukraine | -7.1 | -3.5 | -6.9 | -9.7 | -12.6 |
| United Arab Emirates | 108 | 76.6 | 68.4 | 67.2 | 81.5 |
| United Kingdom | -182.8 | -163.9 | -225.6 | -199.7 | -186.2 |
| Uruguay | 2.0 | 1.3 | 1.9 | 2.1 | 2.4 |
| Uzbekistan | -12.6 | -10.5 | -2.4 | -2.2 | -6.9 |
| Venezuela | 27.4 | 3.9 | 11.0 | 22.0 | 18.8 |
| Vietnam | 2.4 | -3.8 | 1.6 | 1.9 | 6.8 |
| Yemen | -9.6 | -6.1 | -7.1 | -6.8 | - |
| Zambia | 1.7 | 0.2 | 0.2 | 1.0 | 0.5 |
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Trade Balance Economic News
-
Indonesia: Exports and imports decline in January
February 17, 2020
According to Statistics Indonesia, the country posted a trade deficit of USD 0.9 billion in January, markedly larger than the USD 0.3 billion deficit expected by market analysts but down from the USD 1.1 billion deficit posted in the same month last year.
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Indonesia: Exports bounce back in December; imports continue to decline
January 15, 2020
According to Statistics Indonesia, the country posted a trade deficit of USD 28 million in December, markedly smaller than the USD 470 million deficit expected by market analysts and the USD 1.1 billion deficit a year prior.
-
China: Trade data improves significantly in December
January 14, 2020
In December, exports rose 7.9% over the same month in 2019, contrasting the 1.3% drop in November.
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