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
-
Indonesia: Merchandise exports growth strengthens in December
January 15, 2021
Merchandise exports soared 14.6% year-on-year in December, following November’s 9.5% increase and supported by higher non-energy exports.
-
China: Merchandise exports surge in December
January 14, 2021
Merchandise exports were up 18.1% annually in December (November: +21.1% year-on-year), markedly above market expectations.
-
Germany: Merchandise exports grow at a quicker pace in November
January 8, 2021
Merchandise exports rose 2.2% month-on-month on a calendar- and seasonally-adjusted basis in November, up from October’s 0.8%.
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