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
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Afghanistan | -5.9 | -5.7 | -5.3 | -5.1 | - |
Albania | -3.2 | -3.4 | -3.5 | -3.4 | -4.5 |
Algeria | -14.4 | -7.5 | -9.3 | -13.6 | 1.1 |
Andorra | -1.4 | -1.5 | -1.4 | -1.3 | -1.1 |
Angola | 20.2 | 25.0 | 20.6 | 11.4 | 21.8 |
Antigua and Barbuda | -0.5 | -0.6 | -0.6 | -0.4 | -0.5 |
Argentina | -8.3 | -3.7 | 16.0 | 12.5 | 14.8 |
Armenia | -1.4 | -1.8 | -1.7 | -1.4 | -1.5 |
Aruba | -1.0 | -1.0 | -1.1 | -0.8 | -0.9 |
Australia | 10.0 | 30.3 | 57.3 | 48.1 | 97.2 |
Austria | -6.3 | -7.1 | -4.8 | -2.1 | -15.2 |
Azerbaijan | 6.1 | 9.8 | 8.5 | 2.5 | 11.3 |
Bahamas, The | -2.5 | -2.7 | -2.3 | -1.6 | -2.6 |
Bahrain | -0.5 | -1.1 | 0.9 | -0.1 | 4.9 |
Bangladesh | -12.3 | -16.0 | -15.6 | -16.4 | -32.5 |
Barbados | -0.8 | - | - | - | - |
Belarus | -3.0 | -2.5 | -4.2 | -1.9 | -0.7 |
Belgium | 20.3 | 12.9 | 18.1 | 23.8 | 21.5 |
Belize | -0.4 | -0.5 | -0.5 | -0.4 | -0.5 |
Benin | -0.3 | -0.6 | -0.4 | -0.2 | -0.4 |
Bhutan | -0.5 | -0.4 | -0.4 | -0.3 | -0.2 |
Bolivia | -0.6 | -0.4 | -0.3 | 0.6 | 2.2 |
Bosnia-Herz. | -4.1 | -4.4 | -4.6 | -3.7 | -4.4 |
Botswana | 0.8 | 0.5 | -1.1 | -2.0 | -0.7 |
Brazil | 56.0 | 46.6 | 35.2 | 50.4 | 61.4 |
Brunei | 2.4 | 2.4 | 2.2 | 1.4 | 2.7 |
Bulgaria | -0.9 | -3.2 | -3.3 | -2.2 | -3.4 |
Burkina Faso | -1.0 | -1.0 | -0.9 | 0.3 | 0.4 |
Burundi | -0.6 | -0.6 | -0.7 | -0.7 | -0.9 |
Cabo Verde | -0.7 | -0.7 | -0.7 | -0.7 | -0.7 |
Cambodia | -4.3 | -5.9 | -7.3 | -2.5 | -11.3 |
Cameroon | -0.2 | -0.5 | -0.7 | -0.7 | -0.5 |
Canada | -18.9 | -16.8 | -14.2 | -30.0 | 3.7 |
CdI | 3.4 | 2.5 | 3.1 | 3.1 | 3.1 |
Chad | 0.8 | -0.5 | -0.1 | -0.9 | -0.2 |
Chile | 7.5 | 4.4 | 3.0 | 18.9 | 10.5 |
China | 419.6 | 350.9 | 421.1 | 524.0 | 670.4 |
Colombia | -4.3 | -6.4 | -9.9 | -8.9 | -14.0 |
Comoros | -0.2 | -0.2 | -0.2 | -0.3 | -0.3 |
Congo | - | - | 4.3 | 2.2 | - |
Costa Rica | -4.4 | -4.6 | -3.9 | -2.0 | -2.8 |
Croatia | -9.5 | -11.4 | -11.7 | -10.1 | -13.5 |
Cuba | -7.8 | -9.1 | -7.8 | -5.5 | -6.5 |
Cyprus | -5.6 | -5.4 | -5.2 | -4.8 | -5.1 |
Czech Republic | 11.1 | 9.2 | 10.5 | 12.1 | 3.2 |
Denmark | 9.4 | 6.8 | 12.6 | 10.0 | 5.6 |
Djibouti | -0.4 | -0.1 | -0.1 | -0.1 | -0.7 |
Dominica | -0.2 | -0.3 | -0.3 | -0.2 | -0.2 |
Dominican Republic | -7.6 | -9.6 | -9.1 | -6.8 | -11.8 |
DR Congo | 0.2 | 1.0 | 0.4 | 1.9 | 3.9 |
Ecuador | 0.3 | -0.2 | 1.0 | 3.5 | 3.3 |
Egypt | -37.3 | -37.3 | -38.0 | -36.5 | -42.1 |
El Salvador | -4.8 | -5.6 | -5.7 | -5.0 | -8.0 |
Equatorial Guinea | 2.4 | 3.4 | 3.3 | 1.9 | 3.3 |
Eritrea | -0.4 | -0.4 | -0.4 | -0.4 | -0.6 |
Estonia | -1.0 | -1.4 | -1.0 | -0.3 | -1.5 |
Ethiopia | -12.9 | -12.6 | -11.8 | -9.9 | -12.0 |
Euro Area | 391.8 | 336.2 | 345.6 | 389.9 | 343.1 |
Fiji | -1.5 | -1.7 | -1.7 | -0.9 | -1.3 |
Finland | 1.7 | 0.3 | 2.6 | 3.1 | 2.7 |
France | -52.0 | -60.1 | -52.6 | -67.4 | -79.7 |
Gabon | 1.7 | 2.4 | 4.2 | 2.8 | 4.0 |
Gambia, The | -0.3 | -0.4 | -0.4 | -0.5 | -0.7 |
Georgia | -3.8 | -4.1 | -3.8 | -3.2 | -3.8 |
Germany | 289.4 | 265.6 | 249.3 | 215.0 | 224.2 |
Ghana | 1.2 | 1.8 | 2.3 | 2.0 | 1.1 |
Greece | -22.4 | -26.5 | -25.6 | -21.1 | -31.6 |
Grenada | -0.4 | -0.4 | -0.4 | -0.4 | -0.4 |
Guatemala | -6.8 | -8.0 | -8.0 | -6.3 | -10.9 |
Guinea | 1.1 | 0.6 | 0.5 | 5.2 | 6.1 |
Guinea-Bissau | 0.0 | 0.1 | -0.1 | -0.1 | -0.1 |
Guyana | -0.2 | -1.1 | -2.5 | 0.3 | 0.0 |
Haiti | -2.9 | -3.5 | -3.6 | -2.9 | -3.4 |
Honduras | -2.8 | -3.8 | -3.4 | -2.6 | -4.9 |
Hong Kong | -61.9 | -71.7 | -54.2 | -43.8 | -44.1 |
Hungary | 1.9 | -2.7 | -4.1 | -1.5 | -5.2 |
Iceland | -2.1 | -2.1 | -1.4 | -1.1 | -1.7 |
India | -161.3 | -184.0 | -161.4 | -100.4 | -191.0 |
Indonesia | 11.8 | -8.7 | -3.6 | 21.6 | 35.4 |
Iran | 22.2 | 30.8 | 1.9 | 3.2 | 15.8 |
Iraq | 25.4 | 47.5 | 32.2 | 5.9 | 38.4 |
Ireland | 123.0 | 129.1 | 132.2 | 162.1 | 197.8 |
Israel | -10.3 | -16.7 | -15.1 | -11.7 | -21.5 |
Italy | 61.3 | 54.2 | 68.0 | 77.8 | 58.8 |
Jamaica | -3.6 | -3.5 | -4.0 | -2.9 | -2.8 |
Japan | 44.1 | 12.7 | -0.7 | 24.5 | 15.5 |
Jordan | -10.7 | -10.3 | -8.7 | -7.4 | -9.9 |
Kazakhstan | 18.5 | 24.0 | 18.4 | 6.0 | 24.2 |
Kenya | -10.2 | -10.2 | -10.7 | -8.4 | -11.4 |
Kiribati | -0.1 | -0.1 | -0.1 | -0.1 | -0.1 |
Korea | 95.2 | 69.7 | 38.9 | 44.9 | 29.3 |
Kosovo | -3,204.8 | -3,674.2 | -3,618.8 | -3,474.5 | -5,105.5 |
Kuwait | 25.9 | 46.4 | 35.3 | 15.4 | 40.5 |
Kyrgyzstan | -2.4 | -3.0 | -2.6 | -1.4 | -2.4 |
Laos | -0.8 | -0.9 | -0.5 | 0.7 | 1.4 |
Latvia | 11.5 | 13.1 | 12.6 | 13.6 | 16.9 |
Lebanon | -14.5 | -14.9 | -13.5 | -6.6 | -8.3 |
Lesotho | -0.8 | -0.7 | -0.7 | -0.7 | -0.8 |
Liberia | -0.6 | -0.5 | -0.4 | - | - |
Libya | 8.3 | 16.0 | 11.3 | 0.2 | - |
Lithuania | -2.4 | -3.2 | -2.6 | -0.5 | -3.8 |
Luxembourg | 2.2 | 2.0 | 1.6 | 1.3 | 1.1 |
Macao | -10.7 | -10.8 | -10.6 | -7.7 | -10.8 |
Madagascar | -0.4 | -0.5 | -0.8 | -0.9 | -1.0 |
Malawi | -1.6 | -1.7 | -1.7 | -1.8 | -1.9 |
Malaysia | 22.9 | 30.7 | 35.2 | 43.6 | 61.2 |
Maldives | -1.9 | -2.4 | -2.4 | -1.5 | -2.1 |
Mali | -1.4 | -1.1 | -1.5 | -0.3 | -1.5 |
Malta | -1.6 | -1.8 | -1.7 | -1.5 | -2.7 |
Marshall Islands | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
Mauritania | -1.5 | -1.1 | -1.3 | 0.1 | -0.6 |
Mauritius | -2.9 | -3.3 | -3.4 | -2.4 | -3.2 |
Mexico | -11.0 | -13.6 | 5.4 | 34.2 | -10.8 |
Micronesia, Federated States of | -0.1 | -0.2 | -0.1 | -0.2 | -0.1 |
Moldova | -2.6 | -3.3 | -3.3 | -3.1 | -4.2 |
Mongolia | 1.5 | 0.7 | 1.2 | 1.8 | 1.4 |
Montenegro | -2.1 | -2.4 | -2.3 | -1.9 | -2.3 |
Morocco | -18.0 | -20.3 | -19.8 | -15.5 | -19.9 |
Mozambique | -0.5 | -1.3 | -2.1 | -2.3 | -2.3 |
Myanmar | -5.8 | -4.1 | -2.8 | -3.9 | -1.2 |
Namibia | -1.5 | -0.8 | -1.8 | -1.2 | -2.4 |
Nauru | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
Nepal | -9.6 | -11.9 | -11.4 | -9.0 | -14.2 |
Netherlands | 81.1 | 84.5 | 67.3 | 70.4 | 74.0 |
New Zealand | -2.0 | -4.3 | -2.9 | 1.6 | -5.0 |
Nicaragua | -2.4 | -1.6 | -1.1 | -0.9 | -1.9 |
Niger | -0.7 | -1.1 | -1.2 | -1.3 | -1.5 |
Nigeria | 13.1 | 20.5 | 2.9 | -16.4 | -4.6 |
North Macedonia | -2.0 | -2.1 | -2.2 | -2.1 | -2.8 |
Norway | 21.7 | 35.6 | 17.9 | 1.1 | 75.2 |
Oman | 8.8 | 18.1 | 18.2 | 7.6 | 16.5 |
Pakistan | -26.0 | -30.9 | -27.6 | -21.1 | -28.6 |
Palau | -0.2 | -0.2 | -0.2 | -0.1 | -0.2 |
Panama | -8.5 | -9.2 | -7.5 | -2.8 | -3.6 |
Papua New Guinea | 6.9 | 7.0 | 7.5 | 6.0 | 7.5 |
Paraguay | 1.7 | 0.6 | 0.2 | 1.2 | 0.6 |
Peru | 6.7 | 7.2 | 6.9 | 8.1 | 15.0 |
Philippines | -27.4 | -43.5 | -40.7 | -24.6 | -42.2 |
Poland | -5.6 | -13.2 | -4.9 | 8.2 | -8.7 |
Portugal | -16.5 | -20.8 | -22.5 | -16.4 | -23.1 |
Puerto Rico | 25.2 | 14.0 | 14.3 | 17.7 | 12.9 |
Qatar | 36.7 | 51.0 | 41.6 | 27.1 | 60.3 |
Romania | -14.4 | -18.1 | -20.0 | -21.6 | -27.3 |
Russia | 114.6 | 195.1 | 165.8 | 93.4 | 190.3 |
Rwanda | -1.0 | -1.2 | -1.5 | -1.7 | -1.7 |
Saint Kitts and Nevis | -0.3 | -0.3 | -0.3 | -0.2 | -0.2 |
Saint Lucia | -0.5 | -0.5 | -0.4 | -0.4 | -0.4 |
Saint Vincent and the Grenadines | -0.3 | -0.3 | -0.3 | -0.3 | -0.3 |
Samoa | -0.3 | -0.3 | -0.3 | -0.2 | -0.3 |
San Marino | -0.2 | -0.2 | -0.2 | -0.2 | - |
Sao Tome and Principe | -0.1 | -0.1 | -0.1 | -0.1 | -0.1 |
Saudi Arabia | 98.5 | 168.7 | 121.3 | 47.9 | 136.4 |
Senegal | -2.7 | -3.4 | -2.9 | -2.8 | -3.1 |
Serbia | -4.5 | -6.0 | -6.3 | -5.9 | -7.1 |
Seychelles | -0.7 | -0.6 | -0.6 | -0.4 | -0.5 |
Sierra Leone | -0.4 | -0.6 | -0.8 | -0.6 | -0.6 |
Singapore | 100.9 | 104.4 | 97.8 | 106.5 | 125.7 |
Slovakia | 0.7 | -0.3 | -1.3 | 1.2 | -0.6 |
Slovenia | 1.8 | 1.5 | 1.5 | 2.7 | 1.0 |
Solomon Islands | -0.1 | 0.0 | -0.1 | -0.1 | -0.2 |
Somalia | -2.0 | -2.1 | -2.4 | -2.8 | -3.0 |
South Africa | 4.4 | 2.0 | 2.7 | 17.6 | 30.3 |
South Sudan | 0.6 | 1.0 | 0.8 | 0.0 | -0.6 |
Spain | -27.9 | -39.9 | -35.8 | -15.3 | -30.9 |
Sri Lanka | -9.6 | -10.3 | -8.0 | -6.0 | -8.1 |
Sudan | -5 | -4 | -6 | -6 | -5 |
Suriname | 0.7 | 0.7 | 0.4 | 0.7 | 0.1 |
Swaziland | 1.9 | 0.2 | 2.6 | 2.4 | 1.2 |
Sweden | 11.2 | 11.1 | 20.7 | 21.6 | 24.9 |
Switzerland | 64.4 | 72.3 | 71.4 | 63.4 | 116.6 |
Syrian Arab Republic | -5.4 | -6.9 | -6.1 | -4.4 | -5.7 |
Taiwan | 58.3 | 49.2 | 43.5 | 59.0 | 64.4 |
Tajikistan | -1.5 | -1.9 | -1.9 | -1.4 | -1.7 |
Tanzania | -2.8 | -4.2 | -3.2 | -1.5 | -3.2 |
Thailand | 32.6 | 22.3 | 26.6 | 40.5 | 32.3 |
Timor-Leste | -0.5 | -0.5 | -0.4 | -0.4 | -0.3 |
Togo | -0.6 | -0.8 | -0.8 | -0.7 | - |
Tonga | -0.2 | -0.2 | -0.2 | -0.2 | -0.2 |
Trinidad and Tobago | 3.2 | 4.1 | 2.7 | 1.0 | 4.7 |
Tunisia | -5.3 | -6.0 | -5.6 | -3.6 | -4.8 |
Turkey | -58.6 | -40.7 | -16.8 | -37.9 | -29.3 |
Turkmenistan | 3.6 | 7.3 | 7.5 | 3.3 | - |
Tuvalu | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
UAE | 80.9 | 85.6 | 80.4 | 60.3 | 79.0 |
Uganda | -1.7 | -2.5 | -2.8 | -2.6 | -3.0 |
Ukraine | -9.7 | -12.7 | -14.3 | -6.8 | -6.6 |
United Kingdom | -181.8 | -191.1 | -189.1 | -171.3 | -232.7 |
United States | -799.3 | -878.7 | -857.3 | -913.9 | -1,090.3 |
Uruguay | 2.0 | 2.4 | 3.1 | 2.2 | 4.5 |
Uzbekistan | -2.2 | -6.9 | -7.3 | -6.2 | -8.8 |
Vanuatu | -0.3 | -0.3 | -0.3 | -0.3 | -0.3 |
Venezuela | 22.0 | 20.9 | - | - | - |
Vietnam | 1.9 | 6.8 | 10.9 | 19.9 | 3.4 |
West Bank and Gaza | -5.0 | -5.4 | -5.5 | -4.8 | -6.0 |
Yemen | -2.7 | -2.7 | -4.1 | -4.3 | -4.5 |
Zambia | 1.0 | 0.5 | 0.7 | 3.2 | 4.8 |
Zimbabwe | -1.8 | -2.7 | -0.6 | -1.2 | -1.5 |