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 |
| Macedonia | -2.5 | -2.5 | -2.0 | -2.0 | -2.0 |
| 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 |
| 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
Indonesia: Trade surplus recorded in February, but exports continue to decline sharply
March 15, 2019
According to Statistics Indonesia, the country recorded a trade surplus of USD 0.3 billion in February, confounding market expectations of a deficit.
China: Trade figures deteriorate sharply in February
March 8, 2019
In February, exports declined 20.7% over the same month last year, which contrasted the 9.3% rise in January.
Indonesia: Fourth consecutive monthly trade deficit recorded in January as exports decline
February 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 1.2 billion in January, once more coming in wider than market expectations.
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