Sweden Merchandise Trade Balance (USD bn)

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.

This chart displays Merchandise Trade Balance (USD bn) for Euro Area from 2010 to 2023.

Trade Balance (USD billion) Data

2018 2019 2020 2021 2022
Afghanistan -5.7 -5.3 -5.1 - -
Albania -3.4 -3.5 -3.4 -4.5 -4.5
Algeria -8.1 -11.7 -15.5 -1.0 24.2
Andorra -1.5 -1.4 -1.3 -1.1 -
Angola 25.0 20.6 11.4 21.8 32.8
Antigua and Barbuda -0.6 -0.6 -0.4 -0.5 -0.7
Argentina -3.7 16.0 12.5 14.8 6.9
Armenia -1.8 -1.7 -1.4 -1.5 -1.9
Aruba -1.0 -1.1 -0.8 -0.9 -1.2
Australia 30.3 57.3 47.6 96.0 122.6
Austria -8.9 -6.1 -3.0 -16.7 -21.6
Azerbaijan 9.8 8.5 2.5 11.3 28.7
Bahamas, The -2.7 -2.3 -1.6 -2.6 -2.9
Bahrain -1.1 0.9 -0.1 4.9 8.2
Bangladesh -16.0 -15.6 -16.4 -32.5 -28.9
Belarus -2.5 -4.2 -1.9 -0.7 0.4
Belgium 12.9 18.1 23.8 21.5 18.6
Belize -0.5 -0.5 -0.4 -0.5 -0.7
Benin -0.6 -0.4 -0.2 -0.4 -
Bhutan -0.4 -0.4 -0.3 -0.2 -0.6
Bolivia -0.4 -0.3 0.6 2.4 1.6
Bosnia-Herz. -1.2 -1.2 -0.9 -1.3 -1.6
Botswana 0.5 -1.1 -2.0 -0.7 0.5
Brazil 46.6 35.2 50.4 61.4 61.5
Brunei 2.4 2.2 1.4 2.7 5.2
Bulgaria -3.2 -3.3 -2.2 -3.4 -5.3
Burkina Faso -1.1 -0.9 0.3 0.4 -1.0
Burundi -0.6 -0.7 -0.7 -0.9 -1.0
Cabo Verde -0.7 -0.7 -0.7 -0.7 -0.8
Cambodia -5.9 -7.7 -3.7 -11.3 -8.9
Cameroon -0.5 -0.7 -0.7 -0.5 -
Canada -16.8 -14.2 -30.3 1.9 15.5
CdI 2.5 3.1 3.0 3.1 1.0
Chad 0.7 0.7 0.2 0.8 1.4
Chile 4.4 3.0 18.9 10.5 3.8
China 351 421 524 670 838
Colombia -6.4 -9.9 -8.9 -14.0 -12.2
Comoros -0.2 -0.2 -0.3 -0.3 -0.3
Congo 0.0 4.3 2.2 - -
Costa Rica -4.6 -3.9 -2.0 -2.8 -4.7
Croatia -11.4 -11.7 -10.1 -13.5 -19.0
Cuba -9.1 -7.8 -5.5 -6.5 -
Cyprus -5.4 -5.2 -4.8 -5.2 -6.3
Czech Republic 9.2 10.5 12.1 3.2 -4.3
Denmark 6.8 12.6 10.0 5.1 2.8
Djibouti -0.1 -0.1 -0.1 -0.7 -0.9
Dominica -0.3 -0.3 -0.2 -0.2 -0.2
Dominican Republic -9.6 -9.1 -6.8 -11.7 -17.0
DR Congo 1.0 0.2 1.9 3.9 1.9
Ecuador -0.2 1.0 3.5 3.0 2.5
Egypt -37.3 -38.0 -36.5 -42.1 -43.4
El Salvador -5.6 -5.7 -5.0 -8.0 -9.6
Equatorial Guinea 3.4 3.3 1.9 3.3 4.7
Eritrea -0.4 0.0 0.0 -0.1 -0.1
Estonia -1.4 -1.0 -0.3 -1.5 -2.7
Ethiopia -12.6 -11.8 -9.9 -12.0 -14.7
Euro Area 320 334 379 328 -83
Fiji -1.7 -1.7 -0.9 -1.3 -1.9
Finland 0.3 2.6 3.1 2.7 -0.4
France -60 -53 -66 -80 -144
Gabon 2.4 4.2 2.8 4.0 4.6
Gambia, The -0.4 -0.4 -0.5 -0.7 -0.6
Georgia -4.1 -3.8 -3.2 -3.8 -5.1
Germany 265 249 215 225 123
Ghana 1.8 2.3 2.0 1.1 2.9
Greece -26.5 -25.6 -21.1 -31.6 -41.6
Grenada -0.4 -0.4 -0.4 -0.4 -0.6
Guatemala -8.0 -8.0 -6.3 -10.9 -14.3
Guinea 0.6 0.5 5.2 6.1 3.0
Guinea-Bissau 0.0 -0.1 -0.1 -0.1 -0.3
Guyana -1.1 -2.5 0.3 0.0 7.7
Haiti -3.5 -3.0 -2.8 -3.3 -3.5
Honduras -3.8 -3.4 -2.6 -4.8 -6.0
Hong Kong -71.7 -54.2 -43.8 -44.1 -49.8
Hungary -2.7 -4.1 -1.5 -5.3 -16.0
Iceland -1.6 -0.9 -0.6 -1.1 -1.5
India -184 -161 -100 -191 -272
Indonesia -0.2 3.5 28.3 43.8 62.7
Iran 30.8 1.9 3.2 15.8 22.2
Iraq 47.5 32.2 5.8 38.4 71.1
Ireland 129 132 162 199 213
Israel -16.7 -15.3 -11.4 -21.7 -26.1
Italy 54.2 68.0 77.8 57.9 -17.7
Jamaica -3.5 -4.0 -2.9 -2.8 -4.6
Japan 13 -1 25 16 -123
Jordan -10.3 -8.7 -7.4 -9.8 -11.5
Kazakhstan 24.0 18.4 6.0 24.2 35.0
Kenya -14.9 -15.1 -13.0 -17.9 -17.4
Kiribati -0.1 -0.1 -0.1 -0.1 -0.2
Korea 69.7 38.9 44.9 29.3 -47.8
Kosovo -3.2 -3.2 -2.9 -4.2 -4.5
Kuwait 46.4 35.3 15.4 40.5 71.9
Kyrgyzstan -3.0 -2.6 -1.4 -2.4 -7.0
Laos -0.9 -0.5 0.7 1.4 1.0
Latvia -2.9 -3.0 -1.8 -3.3 -4.3
Lebanon -14.9 -13.5 -6.6 -8.3 -13.7
Lesotho -0.7 -0.7 -0.7 -0.8 -0.7
Liberia -0.5 -0.4 -0.4 -0.5 -0.5
Libya 16.0 11.3 0.2 15.3 -
Lithuania -3.2 -2.6 -0.5 -3.8 -8.7
Luxembourg 2.0 1.8 1.7 1.0 0.1
Macao -10.8 -10.6 -7.7 -10.8 -10.5
Madagascar -0.5 -0.8 -0.9 -1.0 -1.0
Malawi -1.7 -1.7 -1.8 -1.9 -
Malaysia 30.7 35.2 43.6 61.2 58.2
Maldives -2.4 -2.4 -1.5 -2.1 -2.9
Mali -1.1 -1.5 -0.3 -1.4 -1.1
Malta -1.8 -1.7 -1.5 -2.7 -3.3
Marshall Islands 0.0 0.0 0.0 0.0 0.0
Mauritania -1.1 -1.3 0.1 -0.6 -1.4
Mauritius -3.3 -3.4 -2.4 -3.2 -4.2
Mexico -13.6 5.4 34.2 -10.8 -26.9
Micronesia, Federated States of -0.2 -0.1 -0.2 -0.1 -0.2
Moldova -3.3 -3.3 -3.1 -4.2 -5.2
Mongolia 0.7 1.2 1.8 1.4 1.2
Montenegro -2.4 -2.3 -1.9 -2.3 -2.8
Morocco -20.3 -19.8 -15.5 -19.9 -26.5
Mozambique -1.0 -2.2 -2.3 -2.3 -5.1
Myanmar -4.1 -2.8 -3.9 -1.2 -
Namibia -0.8 -1.8 -1.2 -3.7 -1.6
Nauru 0.0 -0.1 0.0 0.0 0.0
Nepal -11.9 -11.4 -9.0 -14.2 -12.4
Netherlands 84.5 67.3 70.4 86.5 77.3
New Zealand -4.3 -2.9 1.6 -5.0 -9.3
Nicaragua -1.6 -1.1 -0.9 -1.9 -2.8
Niger -1.7 -1.8 -2.0 -2.3 -2.5
Nigeria 20.5 2.9 -16.4 -4.6 6.0
North Macedonia -2.1 -2.2 -2.1 -2.8 -3.7
Oman 18.1 18.2 8.1 16.3 31.3
Pakistan -30.9 -27.6 -21.1 -28.6 -39.1
Palau -0.2 -0.2 -0.1 -0.2 -0.2
Panama -9.2 -7.6 -2.8 -3.5 -9.3
Papua New Guinea 7.0 6.8 5.4 6.0 10.9
Paraguay 0.6 0.2 1.2 0.6 -1.9
Peru 7.2 6.9 8.1 15.0 10.3
Philippines -43.5 -40.7 -24.6 -42.2 -57.6
Poland -13.2 -4.9 8.2 -8.8 -25.6
Portugal -20.8 -22.5 -16.4 -23.1 -32.7
Puerto Rico 14.0 14.3 17.7 12.9 7.6
Qatar 51.0 41.6 27.1 60.3 97.4
Romania -18.1 -20.0 -21.6 -27.3 -33.7
Russia 195.1 165.8 93.4 190.3 315.6
Rwanda -1.2 -1.5 -1.7 -1.7 -2.0
Saint Kitts and Nevis -0.3 -0.3 -0.2 -0.2 -0.3
Saint Lucia -0.5 -0.4 -0.4 -0.4 -0.7
Saint Vincent and the Grenadines -0.3 -0.3 -0.3 -0.3 -0.4
Samoa -0.3 -0.3 -0.2 -0.3 -0.4
San Marino -0.2 -0.2 -0.2 - -
Sao Tome and Principe -0.1 -0.1 -0.1 -0.1 -0.1
Saudi Arabia 168.7 121.3 47.9 136.4 235.0
Senegal -3.4 -2.9 -2.8 -3.0 -3.9
Serbia -6.0 -6.3 -5.9 -7.1 -9.9
Seychelles -0.6 -0.6 -0.4 -0.5 -0.7
Sierra Leone -0.6 -0.8 -0.6 -0.6 -
Singapore 104.0 96.3 103.7 121.7 150.5
Slovakia -0.3 -1.3 1.2 -0.4 -6.4
Slovenia 1.5 1.5 2.7 1.0 -2.3
Solomon Islands 0.0 -0.1 -0.1 -0.2 -0.3
Somalia -2.6 -3.0 -3.4 -3.5 -3.9
South Africa 2.0 2.5 17.5 30.2 13.7
South Sudan 1.0 0.8 -0.2 -0.6 -0.4
Spain -39.9 -35.8 -15.3 -30.9 -71.6
Sri Lanka -10.3 -8.0 -6.0 -8.1 -5.2
Sudan -4.4 -5.6 -6.0 -4.9 -6.7
Suriname 0.7 0.4 0.7 0.9 0.8
Swaziland 0.2 2.6 2.4 1.2 0.6
Sweden 11.1 20.7 21.6 27.0 19.5
Switzerland 72.3 71.4 63.4 116.1 120.0
Syrian Arab Republic -4.3 -3.1 -0.5 -1.6 -1.3
Taiwan 49.2 43.5 59.0 64.4 51.3
Tajikistan -1.9 -1.9 -1.4 -1.7 -3.0
Tanzania -4.2 -3.2 -1.5 -3.2 -7.0
Thailand 22.3 26.6 40.5 32.3 13.3
Timor-Leste -0.5 -0.4 -0.4 -0.3 -0.5
Togo -0.8 -0.8 -0.7 - -
Tonga -0.2 -0.2 -0.2 -0.2 -0.2
Trinidad and Tobago 4.1 2.7 1.0 4.7 9.2
Tunisia -6.0 -5.6 -3.6 -4.8 -7.0
Turkey -40.7 -16.8 -37.9 -29.3 -89.6
Turkmenistan 7.4 7.6 3.3 5.4 10.0
Tuvalu 0.0 0.0 0.0 0.0 0.0
UAE 85.6 80.4 60.3 79.0 -
Uganda -2.5 -2.8 -2.6 -3.0 -3.7
Ukraine -12.7 -14.3 -6.8 -6.6 -14.7
United Kingdom -188 -185 -163 -225 -267
United States -879 -857 -913 -1,084 -1,183
Uruguay 2.4 3.1 2.2 4.6 3.5
Uzbekistan -6.9 -7.3 -6.2 -8.8 -11.2
Vanuatu -0.3 -0.3 -0.3 -0.3 -0.4
Venezuela 20.9 - - - -
Vietnam 16.5 21.2 30.7 15.7 25.6
West Bank and Gaza -5.4 -5.5 -4.8 -6.0 -7.5
Yemen -2.7 -4.1 -4.3 -4.5 -
Zambia 0.5 0.7 3.2 4.8 3.4
Zimbabwe -1.9 0.2 0.2 -0.8 -1.1

Free Sample Report

Interested in Trade Balance (USD billion)? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest