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
-
Israel: Merchandise exports grow at a softer rate in April
May 15, 2022
Merchandise exports rose 14.6% year-on-year in April (March: +35.9% year-on-year).
-
Peru: Merchandise exports grow at a more moderate pace in March
May 13, 2022
Merchandise exports jumped 24.1% over the same month last year in March (February: +28.5% year-on-year).
-
Colombia: Merchandise export growth picks up in March
May 3, 2022
Merchandise exports expanded 46.8% year-on-year in March, accelerating from February’s 43.0% increase.
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