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
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Indonesia: Merchandise exports accelerate in August
September 16, 2021
Merchandise exports shot up 64.1% over the same month last year in August, following July’s 29.4% jump.
-
India: Merchandise export growth ticks down in August, but remains upbeat
September 14, 2021
Merchandise export growth eased to 45.8% on an annual basis in August (July: +49.9% year-on-year).
-
Russia: Merchandise exports grow at record pace in July
September 10, 2021
Merchandise exports soared 100.7% annually in July, on the heels of June’s 79.1% jump.
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