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 2022.
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 | 12.2 |
| 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 | 39.8 | 86.0 | 112.2 | 83.6 |
| 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 | -3.1 | -3.2 |
| 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 | -2.0 | -0.7 | 0.4 | -2.5 |
| Belgium | 18.1 | 23.8 | 21.5 | 16.9 | 16.0 |
| 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 | 3.8 |
| Bulgaria | -3.3 | -2.2 | -3.4 | -5.3 | -4.2 |
| 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 | -2.0 | -11.3 | -8.9 | -3.0 |
| Cameroon | -0.7 | -0.7 | -0.7 | -0.3 | - |
| Canada | -14.2 | -30.3 | 3.0 | 16.7 | -0.5 |
| CdI | 3.1 | 3.0 | 3.1 | 1.1 | 2.5 |
| Chad | 0.7 | 0.2 | 1.1 | 2.3 | 1.6 |
| 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 | -6.8 |
| 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 | -8.0 |
| Cyprus | -5.2 | -4.8 | -5.1 | -6.1 | -7.8 |
| Czech Republic | 10.5 | 12.1 | 5.1 | -1.0 | 13.1 |
| Denmark | 17.0 | 18.2 | 13.4 | 10.7 | 30.1 |
| Djibouti | -0.1 | -0.1 | -0.2 | 1.0 | 0.6 |
| 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 | 1.6 |
| Ecuador | 0.9 | 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 | 4.1 | 4.5 | 3.0 |
| Eritrea | 0.0 | 0.2 | 0.1 | 0.1 | 0.0 |
| Estonia | -1.1 | -0.5 | -1.6 | -3.0 | -2.5 |
| Ethiopia | -11.8 | -9.9 | -12.0 | -14.7 | -13.6 |
| Euro Area | 352 | 390 | 344 | -48 | 277 |
| Fiji | -1.7 | -0.9 | -1.3 | -1.9 | -2.0 |
| Finland | 2.8 | 3.3 | 2.6 | -0.2 | 10.2 |
| 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 | -0.5 |
| Georgia | -3.8 | -3.2 | -3.8 | -5.1 | -6.1 |
| Germany | 242 | 200 | 218 | 139 | 244 |
| Ghana | 2.3 | 2.0 | 1.1 | 2.9 | 2.7 |
| Greece | -25.6 | -21.1 | -31.6 | -41.6 | -35.7 |
| Grenada | -0.4 | -0.4 | -0.4 | -0.6 | -0.6 |
| Guatemala | -8.0 | -6.3 | -10.9 | -14.3 | -14.4 |
| Guinea | 0.5 | 5.2 | 6.1 | 3.9 | 4.8 |
| Guinea-Bissau | -0.1 | -0.1 | -0.1 | -0.2 | -0.2 |
| Guyana | -2.5 | 0.3 | 0.0 | 7.7 | 6.6 |
| Haiti | -3.0 | -2.8 | -3.3 | -3.5 | -3.8 |
| 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 | -241 |
| Indonesia | 3.5 | 28.3 | 43.8 | 62.7 | 46.3 |
| Iran | 1.9 | 3.2 | 15.8 | 22.2 | - |
| Iraq | 32.2 | 5.8 | 38.4 | 71.1 | 43.2 |
| Ireland | 131 | 162 | 199 | 216 | 169 |
| Israel | -15.3 | -11.4 | -21.7 | -26.1 | -20.2 |
| Italy | 65.3 | 75.8 | 54.9 | -27.6 | 36.6 |
| Jamaica | -4.0 | -2.9 | -2.8 | -4.6 | -4.4 |
| Japan | 0 | 25 | 16 | -121 | -46 |
| Jordan | -8.7 | -7.4 | -9.8 | -11.6 | -10.4 |
| Kazakhstan | 18.4 | 6.0 | 24.2 | 35.0 | 19.9 |
| Kenya | -10.6 | -8.4 | -12.3 | -11.7 | -10.0 |
| Kiribati | -0.1 | -0.1 | -0.1 | -0.2 | -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 | -2.7 | -1.5 | -2.4 | -6.9 | -8.3 |
| Laos | -0.5 | 0.7 | 1.4 | 1.0 | 0.7 |
| Latvia | -2.9 | -1.8 | -3.3 | -4.3 | -3.9 |
| 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 | -5.5 |
| Luxembourg | 1.8 | 1.6 | 0.8 | -0.5 | -0.5 |
| Macao | -10.6 | -7.7 | -10.3 | -9.7 | -12.2 |
| Madagascar | -0.8 | -0.9 | -1.0 | -1.0 | - |
| Malawi | -1.7 | -1.9 | -2.0 | -1.8 | -1.9 |
| Malaysia | 35.2 | 43.6 | 61.2 | 58.2 | 47.2 |
| Maldives | -2.4 | -1.5 | -2.1 | -2.9 | -2.9 |
| Mali | -1.5 | -0.3 | -1.4 | -1.8 | -0.8 |
| Malta | -2.4 | -1.3 | -2.4 | -3.4 | -2.7 |
| 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 | -1.5 | -1.2 | -2.0 | -2.0 | -1.8 |
| Nauru | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
| Nepal | -11.4 | -9.0 | -14.2 | -12.4 | -10.9 |
| 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 | -2.4 |
| 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 | 23.8 |
| 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 | 5.5 | 6.5 | 8.7 | 7.2 |
| 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 | -23.2 | 5.1 |
| 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 | -31.3 |
| 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 | 128.2 |
| Senegal | -2.9 | -2.8 | -3.0 | -4.8 | -4.4 |
| 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 | -0.4 |
| Singapore | 96.3 | 103.7 | 121.7 | 150.5 | 154.8 |
| Slovakia | -1.7 | -0.3 | -1.7 | -7.6 | 0.3 |
| Slovenia | 1.5 | 2.7 | 1.0 | -2.6 | 0.5 |
| Solomon Islands | -0.1 | -0.1 | -0.2 | -0.3 | -0.4 |
| 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 | -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 | -2.5 |
| Suriname | 0.4 | 0.7 | 0.9 | 1.0 | 0.6 |
| Swaziland | 2.6 | 2.4 | 1.2 | 0.6 | 1.7 |
| Sweden | 22.6 | 25.8 | 30.5 | 23.5 | 33.4 |
| Switzerland | 71.4 | 63.4 | 116.1 | 120.7 | 124.8 |
| Syrian Arab Republic | -3.1 | -0.6 | -2.1 | -1.8 | 0.8 |
| Taiwan | 43.5 | 59.0 | 64.4 | 51.3 | 80.8 |
| Tajikistan | -1.9 | -1.4 | -1.7 | -3.0 | -3.3 |
| Tanzania | -3.3 | -1.5 | -3.2 | -6.9 | -6.1 |
| Thailand | 26.6 | 40.5 | 31.9 | 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 | -6.6 | -4.5 | -5.8 | -8.1 | -5.5 |
| Turkey | -16.8 | -37.9 | -29.3 | -89.6 | -86.3 |
| Turkmenistan | 7.6 | 3.3 | 5.3 | 10.1 | 10.4 |
| 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 | -29.1 |
| United Kingdom | -185 | -164 | -223 | -254 | -233 |
| United States | -857 | -913 | -1,083 | -1,180 | -1,063 |
| Uruguay | 3.1 | 2.3 | 4.7 | 4.1 | 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 |