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.
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 |