Denmark 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

2019 2020 2021 2022 2023
Afghanistan -5.3 -5.1 - - -
Albania -3.5 -3.4 -4.5 -4.5 -4.9
Algeria -11.7 -15.5 -1.0 24.2 12.9
Andorra -1.4 -1.3 -1.1 - -
Angola 20.6 11.4 21.8 32.8 21.8
Antigua and Barbuda -0.6 -0.4 -0.5 -0.6 -0.7
Argentina 16.0 12.5 14.8 6.9 -6.9
Armenia -1.7 -1.4 -1.5 -1.9 -2.5
Aruba -1.1 -0.8 -0.9 -1.2 -
Australia 47.6 39.7 85.9 111.4 83.0
Austria -6.3 -3.1 -16.8 -21.7 -2.6
Azerbaijan 8.5 2.5 11.3 28.7 12.8
Bahamas, The -2.3 -1.6 -2.6 -2.9 -
Bahrain 0.9 -0.1 4.9 8.2 4.5
Bangladesh -15.6 -16.4 -32.5 -28.9 -9.7
Belarus -4.2 -1.9 -0.7 0.4 -2.7
Belgium 18.1 23.8 21.5 18.6 17.6
Belize -0.5 -0.4 -0.5 -0.7 -0.8
Benin -0.4 -0.2 -0.4 -0.6 -
Bhutan -0.4 -0.3 -0.2 -0.6 -0.7
Bolivia -1.0 0.1 2.0 1.7 -0.7
Bosnia-Herz. -1.2 -0.9 -1.3 -1.6 -1.5
Botswana -1.1 -2.0 -0.7 0.5 -0.5
Brazil 35.2 50.4 61.4 61.5 98.9
Brunei 2.2 1.4 2.7 5.2 -
Bulgaria -3.3 -2.2 -3.4 -5.3 -3.9
Burkina Faso -0.9 0.3 0.4 -1.0 -1.7
Burundi -0.7 -0.7 -0.9 -1.1 -0.9
Cabo Verde -0.7 -0.7 -0.7 -0.8 -0.9
Cambodia -7.3 -2.5 -11.3 -8.9 -3.0
Cameroon -0.7 -0.7 -0.7 -0.3 -
Canada -14.2 -30.3 1.9 15.5 -1.5
CdI 3.1 3.0 3.1 1.2 2.5
Chad 0.7 0.2 1.1 2.3 1.5
Chile 3.0 18.9 10.3 3.7 15.3
China 421 524 670 838 822
Colombia -9.9 -8.9 -14.0 -12.2 -6.7
Comoros -0.2 -0.3 -0.3 -0.3 -0.3
Congo 4.3 2.2 4.7 - -
Costa Rica -3.9 -2.0 -2.8 -4.7 -3.2
Croatia -11.7 -10.1 -13.5 -19.0 -18.4
Cuba -7.8 -5.5 -6.5 -7.7 -7.0
Cyprus -5.2 -4.8 -5.2 -6.3 -7.7
Czech Republic 10.5 12.1 3.2 -1.0 13.1
Denmark 8.9 6.8 2.2 0.2 8.2
Djibouti -0.1 -0.1 -0.7 0.3 0.3
Dominica -0.3 -0.2 -0.2 -0.2 -0.2
Dominican Republic -9.1 -6.8 -11.7 -17.0 -15.9
DR Congo 0.2 1.9 3.9 1.9 -
Ecuador 1.0 3.5 3.0 2.5 2.2
Egypt -38.0 -36.5 -42.1 -43.4 -31.2
El Salvador -5.7 -5.0 -8.0 -9.6 -8.9
Equatorial Guinea 3.3 1.7 4.0 4.5 2.1
Eritrea 0.0 -0.3 -0.1 -0.3 0.0
Estonia -1.0 -0.3 -1.5 -2.7 -2.5
Ethiopia -11.8 -9.9 -12.0 -14.7 -
Euro Area 334 370 325 -96 269
Fiji -1.7 -0.9 -1.3 -1.9 -2.1
Finland 2.6 3.1 2.7 -0.3 10.0
France -41 -59 -77 -140 -82
Gabon 3.8 3.9 4.4 3.9 1.6
Gambia, The -0.4 -0.5 -0.7 -0.7 -0.7
Georgia -3.8 -3.2 -3.8 -5.1 -6.1
Germany 249 206 228 129 262
Ghana 2.3 2.0 1.1 2.9 2.6
Greece -25.6 -21.1 -31.6 -41.6 -35.0
Grenada -0.4 -0.4 -0.4 -0.6 -0.6
Guatemala -8.0 -6.3 -10.9 -14.3 -14.3
Guinea 0.5 5.2 6.1 3.9 4.9
Guinea-Bissau -0.1 -0.1 -0.1 -0.2 -0.4
Guyana -2.5 0.3 0.0 7.7 6.6
Haiti -3.0 -2.8 -3.3 -3.5 -
Honduras -3.4 -2.6 -4.8 -6.0 -6.0
Hong Kong -54.2 -43.8 -44.1 -49.8 -59.3
Hungary -4.2 -1.5 -5.3 -15.6 -
Iceland -0.9 -0.6 -1.1 -1.5 -2.2
India -161 -103 -191 -265 -238
Indonesia 3.5 28.3 43.8 62.7 46.5
Iran 1.9 3.2 15.8 22.2 -
Iraq 32.2 5.8 38.4 71.1 -
Ireland 131 162 199 216 169
Israel -15.3 -11.4 -21.7 -26.1 -20.0
Italy 68.0 77.8 57.4 -20.8 43.4
Jamaica -4.0 -2.9 -2.8 -4.6 -4.4
Japan 0 25 16 -121 -46
Jordan -8.7 -7.4 -9.8 -11.5 -10.3
Kazakhstan 18.4 6.0 24.2 35.0 20.1
Kenya -10.6 -8.4 -12.3 -11.7 -10.0
Kiribati -0.1 -0.1 -0.1 -0.2 -
Korea 38.9 44.9 29.3 -47.8 -10.3
Kosovo -3.2 -2.9 -4.2 -4.5 -5.0
Kuwait 35.3 15.4 40.5 71.9 51.1
Kyrgyzstan -3.0 -1.7 -2.8 -7.5 -9.0
Laos -0.5 0.7 1.4 1.0 0.7
Latvia -3.0 -1.8 -3.3 -4.3 -4.0
Lebanon -13.5 -6.6 -8.9 -13.8 -12.8
Lesotho -0.7 -0.7 -0.8 -0.7 -0.8
Liberia -0.4 -0.4 -0.5 -0.5 -
Libya 11.3 0.2 15.3 - -
Lithuania -2.6 -0.5 -3.8 -8.7 -5.6
Luxembourg 1.8 1.7 1.0 0.1 -0.2
Macao -10.6 -7.7 -10.3 -9.7 -
Madagascar -0.8 -0.9 -1.0 -1.0 -
Malawi -1.7 -1.9 -2.0 -2.0 -
Malaysia 35.2 43.6 61.2 58.2 47.2
Maldives -2.4 -1.5 -2.1 -2.9 -
Mali -1.5 -0.3 -1.4 -1.4 -3.0
Malta -1.6 -1.4 -2.3 -3.7 -3.0
Marshall Islands 0.0 0.0 0.0 0.0 0.0
Mauritania -1.3 0.1 -0.6 -1.3 -1.2
Mauritius -3.4 -2.4 -3.2 -4.2 -4.0
Mexico 5.4 34.2 -10.8 -26.9 -5.5
Micronesia, Federated States of -0.2 -0.1 -0.1 -0.2 -0.2
Moldova -3.3 -3.1 -4.2 -5.2 -4.9
Mongolia 1.2 1.8 1.4 1.2 4.5
Montenegro -2.3 -1.9 -2.3 -2.8 -3.2
Morocco -19.8 -15.5 -19.9 -26.5 -25.1
Mozambique -2.2 -2.2 -2.3 -5.1 -0.9
Myanmar -2.8 -3.9 -1.2 - -
Namibia -1.8 -1.2 -2.0 -2.0 -1.2
Nauru -0.1 0.0 0.0 0.0 0.0
Nepal -11.4 -9.0 -14.2 -12.4 -11.5
Netherlands 71.5 70.6 76.8 57.8 92.0
New Zealand -2.4 1.5 -4.1 -7.8 -7.4
Nicaragua -1.1 -0.9 -1.9 -2.8 -2.7
Niger -1.8 -2.0 -2.3 -2.7 -1.2
Nigeria 2.9 -16.4 -4.6 6.0 8.1
North Macedonia -2.2 -2.1 -2.8 -3.7 -2.8
Oman 18.2 8.1 16.3 31.3 -
Pakistan -27.6 -21.1 -28.6 -39.1 -24.8
Palau -0.2 -0.1 -0.2 -0.2 -0.2
Panama -7.6 -2.8 -3.5 -6.7 -11.1
Papua New Guinea 6.8 5.4 6.1 9.0 9.0
Paraguay 0.2 1.2 0.6 -1.9 0.8
Peru 6.9 8.1 15.1 10.2 17.7
Philippines -40.7 -24.6 -42.2 -57.6 -52.6
Poland -4.9 8.2 -8.8 -25.6 6.6
Portugal -22.5 -16.4 -23.1 -32.8 -30.1
Puerto Rico 14.3 17.7 12.9 7.6 7.2
Qatar 41.6 27.1 60.3 97.4 68.3
Romania -20.0 -21.6 -27.3 -33.7 -31.4
Russia 165.8 93.4 193.1 315.6 121.6
Rwanda -1.5 -1.7 -1.7 -2.0 -2.4
Saint Kitts and Nevis -0.3 -0.2 -0.2 -0.3 -0.4
Saint Lucia -0.5 -0.4 -0.5 -0.6 -0.7
Saint Vincent and the Grenadines -0.3 -0.3 -0.3 -0.4 -0.4
Samoa -0.3 -0.2 -0.3 -0.4 -0.4
San Marino -0.2 -0.2 - - -
Sao Tome and Principe -0.1 -0.1 -0.1 -0.1 -0.2
Saudi Arabia 121.3 47.9 136.4 235.0 126.8
Senegal -2.9 -2.8 -3.0 -4.7 -3.4
Serbia -6.3 -5.9 -7.1 -9.9 -7.2
Seychelles -0.6 -0.4 -0.5 -0.7 -0.9
Sierra Leone -0.8 -0.6 -0.6 -0.6 -
Singapore 96.3 103.7 121.7 150.5 154.8
Slovakia -1.3 1.2 -0.4 -6.4 1.7
Slovenia 1.5 2.7 1.0 -2.6 0.5
Solomon Islands -0.1 -0.1 -0.2 -0.3 -0.3
Somalia -3.0 -3.4 -3.5 -3.6 -3.2
South Africa 2.5 17.6 30.4 13.5 5.6
South Sudan 0.8 -0.2 -0.6 -0.4 -
Spain -35.8 -15.3 -30.9 -71.6 -43.9
Sri Lanka -8.0 -6.0 -8.1 -5.2 -4.9
Sudan -5.6 -6.0 -4.9 -6.7 -2.3
Suriname 0.4 0.7 0.9 0.8 0.7
Swaziland 2.6 2.4 1.2 0.6 -
Sweden 22.6 25.8 30.5 23.5 33.7
Switzerland 71.4 63.4 116.1 120.7 127.1
Syrian Arab Republic -3.1 -0.8 -2.2 -2.0 -1.8
Taiwan 43.5 59.0 64.4 51.3 81.0
Tajikistan -1.9 -1.4 -1.7 -3.0 -3.3
Tanzania -3.2 -1.5 -3.2 -7.0 -6.1
Thailand 26.6 40.5 32.3 13.3 19.6
Timor-Leste -0.4 -0.4 -0.3 -0.5 -0.6
Togo -0.8 -0.7 - - -
Tonga -0.2 -0.2 -0.2 -0.3 -0.3
Trinidad and Tobago 2.7 1.0 4.7 9.2 3.8
Tunisia -5.6 -3.6 -4.8 -7.0 -
Turkey -16.8 -37.9 -29.3 -89.6 -86.9
Turkmenistan 7.6 3.3 5.4 10.2 6.4
Tuvalu 0.0 0.0 0.0 0.0 -
UAE 80.4 60.3 79.0 - -
Uganda -2.8 -2.6 -3.0 -3.7 -3.1
Ukraine -14.3 -6.8 -6.6 -14.7 -28.8
United Kingdom -185 -163 -225 -267 -232
United States -857 -913 -1,083 -1,180 -1,063
Uruguay 3.1 2.2 4.6 3.5 2.1
Uzbekistan -7.3 -6.2 -8.8 -11.2 -15.1
Vanuatu -0.3 -0.3 -0.3 -0.3 -0.4
Vietnam 21.2 30.7 15.7 29.4 44.0
West Bank and Gaza -5.5 -4.8 -6.0 -7.5 -7.1
Yemen -4.1 -4.3 -4.4 -4.6 -4.8
Zambia 0.7 3.2 4.8 3.4 1.4
Zimbabwe 0.2 0.2 -0.8 -1.1 -1.5

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