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: Indonesia records third consecutive monthly trade deficit in December, exports contract
January 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 1.1 billion in December, marking the third consecutive month in which the deficit has been wider than market expectations.
China: Exports contract in December as sanctions bite
January 14, 2019
Exports contracted 4.4% from the same day in the previous year in December, contrasting the 3.9% expansion in November.
Indonesia: Trade deficit reaches multi-year high in November, exports contract
December 17, 2018
According to Statistics Indonesia, the country recorded a trade deficit of USD 2.0 billion in November, far larger than markets had expected and contrasting the USD 0.2 billion surplus registered in the same month last year.
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