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 | 2024 | |
|---|---|---|---|---|---|---|
| Afghanistan | -5.3 | -5.1 | - | - | - | - |
| Albania | -3.5 | -3.4 | -4.5 | -4.5 | -4.9 | -6.1 |
| Algeria | -11.7 | -15.5 | -1.0 | 20.1 | 12.1 | 3.9 |
| Andorra | -1.4 | -1.3 | -1.1 | - | - | - |
| Angola | 20.6 | 11.4 | 21.8 | 32.8 | 21.8 | 22.6 |
| Antigua and Barbuda | -0.6 | -0.4 | -0.5 | -0.6 | -0.7 | - |
| Argentina | 16.0 | 12.5 | 14.8 | 6.9 | -6.9 | 18.9 |
| Armenia | -1.7 | -1.4 | -1.5 | -1.9 | -2.5 | -2.3 |
| Aruba | -1.1 | -0.8 | -0.9 | -1.2 | -1.2 | - |
| Australia | 47.6 | 39.8 | 86.0 | 112.2 | 83.6 | 44.6 |
| Austria | -6.3 | -3.1 | -16.8 | -21.7 | -2.6 | 1.5 |
| Azerbaijan | 8.5 | 2.5 | 11.3 | 28.7 | 12.8 | 8.8 |
| Bahamas, The | -2.3 | -1.6 | -2.6 | -3.1 | -3.2 | - |
| Bahrain | 0.9 | -0.1 | 4.9 | 8.2 | 4.5 | 3.6 |
| Bangladesh | -15.6 | -16.4 | -32.5 | -28.9 | -9.7 | -16.7 |
| Belarus | -4.2 | -2.0 | -0.7 | 0.4 | -2.5 | -4.7 |
| Belgium | 18.1 | 23.8 | 21.5 | 16.9 | 16.0 | 29.8 |
| Belize | -0.5 | -0.4 | -0.5 | -0.7 | -0.8 | -0.9 |
| Benin | -0.4 | -0.2 | -0.4 | -0.6 | - | - |
| Bhutan | -0.4 | -0.3 | -0.2 | -0.6 | -0.7 | -0.6 |
| Bolivia | -0.3 | 0.6 | 2.9 | 3.0 | 0.1 | -0.3 |
| Bosnia-Herz. | -1.2 | -0.9 | -1.3 | -1.6 | -1.5 | -1.6 |
| Botswana | -1.1 | -2.0 | -0.7 | 0.5 | -0.5 | -2.4 |
| Brazil | 35.2 | 50.4 | 61.4 | 61.5 | 98.9 | 74.2 |
| Brunei | 2.2 | 1.4 | 2.7 | 5.2 | 3.8 | - |
| Bulgaria | -3.3 | -2.2 | -3.4 | -5.3 | -4.2 | -5.8 |
| Burkina Faso | -0.9 | 0.3 | 0.4 | -1.0 | -1.7 | - |
| Burundi | -0.7 | -0.7 | -0.9 | -1.1 | -1.0 | -0.8 |
| Cabo Verde | -0.7 | -0.7 | -0.7 | -0.8 | -0.9 | -0.8 |
| Cambodia | -7.3 | -2.0 | -11.3 | -8.9 | -3.0 | -4.5 |
| Cameroon | -0.7 | -0.7 | -0.7 | -0.3 | -1.4 | - |
| Canada | -14.2 | -30.3 | 3.0 | 16.7 | -0.5 | -5.0 |
| CdI | 3.1 | 3.0 | 3.1 | 1.1 | 1.8 | 5.4 |
| Chad | 0.7 | 0.2 | 1.1 | 2.7 | 2.5 | 2.5 |
| Chile | 3.0 | 18.9 | 10.3 | 3.6 | 13.8 | 21.0 |
| China | 421 | 524 | 670 | 838 | 822 | 991 |
| Colombia | -9.9 | -8.9 | -14.0 | -12.2 | -6.8 | -9.2 |
| Comoros | -0.2 | -0.3 | -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 | -2.5 |
| Croatia | -11.7 | -10.1 | -13.5 | -19.0 | -18.4 | -18.9 |
| Cuba | -7.8 | -5.5 | -6.5 | -7.7 | -8.0 | - |
| Cyprus | -5.2 | -4.8 | -5.1 | -6.1 | -7.8 | -7.4 |
| Czech Republic | 10.5 | 12.1 | 5.1 | -1.0 | 13.1 | 18.0 |
| Denmark | 17.0 | 18.1 | 11.4 | 9.1 | 30.5 | 39.9 |
| Djibouti | -0.1 | -0.1 | -0.1 | -0.5 | -0.5 | -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 | -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 | 6.8 |
| Egypt | -38.0 | -36.5 | -42.1 | -43.4 | -31.2 | -39.6 |
| El Salvador | -5.7 | -5.0 | -8.0 | -9.6 | -8.9 | -9.5 |
| Equatorial Guinea | 3.2 | 1.3 | 2.1 | 6.1 | 3.0 | 2.0 |
| Eritrea | 0.0 | 0.2 | 0.1 | 0.1 | 0.0 | -0.1 |
| Estonia | -1.1 | -0.5 | -1.6 | -3.0 | -2.5 | -3.0 |
| Ethiopia | -11.8 | -9.9 | -12.0 | -14.7 | -13.6 | - |
| Euro Area | 352 | 390 | 345 | -48 | 285 | 402 |
| Fiji | -1.7 | -0.9 | -1.3 | -1.9 | -2.0 | -2.0 |
| Finland | 2.8 | 3.3 | 2.6 | -0.2 | 9.7 | 7.4 |
| France | -41 | -59 | -77 | -140 | -82 | -63 |
| Gabon | 3.8 | 3.9 | 4.4 | 6.4 | 8.5 | 9.1 |
| Gambia, The | -0.5 | -0.5 | -0.6 | -0.7 | -0.9 | - |
| Georgia | -3.8 | -3.2 | -3.8 | -5.1 | -6.1 | -6.5 |
| Germany | 251 | 206 | 208 | 93 | 235 | 260 |
| Ghana | 2.3 | 2.0 | 1.1 | 2.9 | 2.7 | 5.0 |
| Greece | -25.6 | -21.1 | -31.6 | -41.6 | -35.7 | -38.6 |
| Grenada | -0.4 | -0.4 | -0.4 | -0.6 | -0.6 | -0.4 |
| Guatemala | -8.0 | -6.3 | -10.9 | -14.3 | -14.4 | -15.8 |
| Guinea | 0.5 | 5.2 | 6.1 | 3.9 | 4.3 | 4.1 |
| Guinea-Bissau | -0.1 | -0.1 | -0.1 | -0.2 | -0.2 | -0.2 |
| Guyana | -2.5 | 0.3 | 0.0 | 7.7 | 6.6 | 12.7 |
| Haiti | -3.0 | -2.8 | -3.3 | -3.5 | -3.8 | - |
| Honduras | -3.4 | -2.6 | -4.8 | -6.0 | -6.0 | -6.7 |
| Hong Kong | -54.2 | -43.8 | -44.1 | -49.8 | -59.3 | -48.5 |
| Hungary | -4.2 | -1.5 | -5.3 | -15.6 | - | - |
| Iceland | -0.9 | -0.6 | -1.1 | -1.5 | -2.1 | -2.4 |
| India | -161 | -103 | -191 | -265 | -241 | -283 |
| Indonesia | 3.5 | 28.3 | 43.8 | 62.7 | 46.3 | 39.9 |
| Iran | 1.9 | -0.6 | 15.8 | 22.2 | 21.1 | - |
| Iraq | 32.2 | 5.8 | 38.4 | 71.1 | 43.2 | - |
| Ireland | 131 | 162 | 199 | 216 | 169 | 191 |
| Israel | -15.3 | -11.8 | -21.9 | -26.5 | -20.6 | -26.3 |
| Italy | 65.3 | 75.8 | 54.9 | -27.6 | 39.5 | 69.3 |
| Jamaica | -4.0 | -2.9 | -2.8 | -4.6 | -4.4 | -4.2 |
| Japan | -1 | 25 | 16 | -121 | -47 | -23 |
| Jordan | -8.7 | -7.4 | -9.8 | -11.6 | -10.4 | - |
| Kazakhstan | 18.4 | 6.0 | 24.2 | 35.0 | 19.8 | 18.9 |
| Kenya | -10.6 | -8.4 | -12.3 | -11.7 | -10.0 | -10.6 |
| Kiribati | -0.1 | -0.1 | -0.1 | -0.2 | -0.2 | - |
| Korea | 38.9 | 44.9 | 29.3 | -47.8 | -10.3 | 51.8 |
| Kosovo | -3.2 | -2.9 | -4.2 | -4.5 | -5.0 | -5.3 |
| Kuwait | 35.3 | 15.4 | 40.5 | 71.9 | 51.1 | 44.0 |
| Kyrgyzstan | -3.0 | -1.7 | -2.8 | -7.5 | -9.1 | -8.4 |
| Laos | -0.5 | 0.7 | 1.4 | 1.0 | 0.7 | 0.7 |
| Latvia | -2.9 | -1.8 | -3.3 | -4.3 | -3.9 | -3.6 |
| Lebanon | -13.4 | -6.5 | -8.8 | -13.6 | -12.7 | -12.3 |
| Lesotho | -0.7 | -0.7 | -0.8 | -0.7 | -0.8 | -0.7 |
| 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 | -5.0 |
| Luxembourg | 1.8 | 1.5 | 0.5 | -0.9 | 0.4 | 1.6 |
| Macao | -10.6 | -7.7 | -10.3 | -9.3 | -12.1 | - |
| 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 | 29.9 |
| Maldives | -2.4 | -1.5 | -2.1 | -2.9 | -2.9 | - |
| Mali | -1.5 | -0.3 | -1.4 | -1.8 | -1.3 | -1.6 |
| Malta | -2.4 | -1.3 | -2.4 | -3.4 | -3.4 | -2.9 |
| Marshall Islands | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Mauritania | -1.3 | 0.1 | -0.6 | -1.3 | -0.8 | -0.6 |
| Mauritius | -3.4 | -2.4 | -3.2 | -4.2 | -4.0 | -4.4 |
| Mexico | 5.4 | 34.2 | -10.8 | -26.9 | -5.5 | -8.2 |
| Micronesia, Federated States of | -0.2 | -0.1 | -0.1 | -0.2 | -0.2 | -0.1 |
| Moldova | -3.3 | -3.1 | -4.2 | -5.2 | -4.9 | -5.6 |
| Mongolia | 1.2 | 1.8 | 1.4 | 1.2 | 4.5 | 3.1 |
| Montenegro | -2.3 | -1.9 | -2.3 | -2.8 | -3.2 | -3.6 |
| Morocco | -19.8 | -15.5 | -19.7 | -26.5 | -25.1 | -27.2 |
| Mozambique | -2.2 | -2.2 | -2.3 | -5.1 | -0.9 | -0.2 |
| Myanmar | -2.8 | -3.9 | -1.2 | -2.9 | -3.7 | - |
| Namibia | -1.5 | -1.2 | -2.0 | -2.0 | -1.8 | -2.1 |
| Nauru | -0.1 | 0.0 | -0.1 | 0.0 | 0.0 | 0.0 |
| Nepal | -11.4 | -9.0 | -14.2 | -12.4 | -10.9 | -12.0 |
| Netherlands | 71.5 | 70.6 | 76.8 | 57.8 | 92.0 | 107.1 |
| New Zealand | -2.4 | 1.5 | -4.1 | -7.8 | -7.4 | -5.2 |
| Nicaragua | -1.1 | -0.9 | -1.9 | -2.8 | -2.7 | -3.3 |
| Niger | -1.8 | -2.0 | -2.3 | -2.9 | -2.3 | -1.0 |
| Nigeria | 2.9 | -16.4 | -4.6 | 6.0 | 8.1 | 13.2 |
| North Macedonia | -2.2 | -2.1 | -2.8 | -3.7 | -2.8 | -3.4 |
| Oman | 18.2 | 8.1 | 16.3 | 31.3 | 23.8 | - |
| Pakistan | -27.6 | -21.1 | -28.6 | -39.1 | -24.8 | -22.2 |
| Palau | -0.2 | -0.1 | -0.2 | -0.2 | -0.2 | -0.1 |
| Panama | -7.6 | -2.8 | -3.4 | -6.7 | -9.9 | -6.0 |
| Papua New Guinea | 6.8 | 5.5 | 6.5 | 8.7 | 7.4 | 9.2 |
| Paraguay | 0.2 | 1.2 | 0.7 | -1.8 | 0.8 | -1.1 |
| Peru | 6.9 | 8.1 | 15.1 | 10.3 | 17.1 | 24.1 |
| Philippines | -40.7 | -24.6 | -42.2 | -57.6 | -52.6 | -54.3 |
| Poland | -4.9 | 8.2 | -8.8 | -23.2 | 5.1 | -6.9 |
| Portugal | -22.5 | -16.4 | -23.1 | -32.8 | -30.1 | -30.6 |
| Puerto Rico | 14.3 | 17.7 | 12.9 | 7.6 | 6.7 | 11.5 |
| Qatar | 41.6 | 27.1 | 60.3 | 97.4 | 68.3 | 62.4 |
| Romania | -20.0 | -21.6 | -27.3 | -33.7 | -31.4 | -35.6 |
| Russia | 165.8 | 93.4 | 193.1 | 315.6 | 121.7 | 133.0 |
| Rwanda | -1.5 | -1.7 | -1.7 | -2.0 | -2.4 | - |
| Saint Kitts and Nevis | -0.3 | -0.2 | -0.2 | -0.3 | -0.3 | - |
| Saint Lucia | -0.5 | -0.4 | -0.5 | -0.6 | -0.6 | - |
| Saint Vincent and the Grenadines | -0.3 | -0.3 | -0.3 | -0.4 | -0.4 | -0.4 |
| Samoa | -0.3 | -0.2 | -0.3 | -0.4 | -0.4 | - |
| San Marino | -0.2 | -0.2 | -0.3 | -0.3 | -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 | 90.2 |
| Senegal | -2.9 | -2.8 | -3.0 | -4.8 | -5.3 | -4.0 |
| Serbia | -6.3 | -5.9 | -7.1 | -9.9 | -7.2 | -8.7 |
| Seychelles | -0.6 | -0.4 | -0.5 | -0.7 | -0.9 | - |
| Sierra Leone | -0.5 | -0.7 | -0.8 | -0.6 | -0.6 | - |
| Singapore | 94.7 | 102.9 | 121.1 | 160.1 | 157.2 | 148.1 |
| Slovakia | -1.7 | -0.3 | -1.7 | -7.6 | 1.3 | -0.4 |
| Slovenia | 1.5 | 2.7 | 1.0 | -2.6 | 0.5 | 0.6 |
| Solomon Islands | -0.1 | -0.1 | -0.2 | -0.3 | -0.3 | -0.4 |
| Somalia | -3.0 | -3.4 | -3.5 | -3.6 | -3.2 | - |
| South Africa | 2.5 | 17.6 | 30.5 | 14.2 | 7.6 | 11.7 |
| South Sudan | 0.8 | -0.2 | -0.6 | -0.4 | -0.4 | - |
| Spain | -35.8 | -15.3 | -30.9 | -71.6 | -43.9 | -43.6 |
| Sri Lanka | -8.0 | -6.0 | -8.1 | -5.2 | -4.9 | -6.1 |
| Sudan | -5.6 | -6.0 | -4.9 | -6.7 | -2.8 | -1.1 |
| Suriname | 0.4 | 0.7 | 0.9 | 1.0 | 0.6 | -0.4 |
| Swaziland | 2.6 | 2.4 | 1.2 | 0.6 | 1.7 | - |
| Sweden | 22.6 | 25.8 | 28.3 | 20.7 | 27.2 | 30.7 |
| Switzerland | 71.4 | 63.4 | 116.1 | 120.7 | 124.8 | 127.3 |
| Syrian Arab Republic | -4.2 | -3.0 | -4.7 | -4.5 | -2.6 | -2.8 |
| Taiwan | 43.5 | 59.0 | 64.4 | 51.3 | 80.8 | 80.6 |
| Tajikistan | -1.9 | -1.4 | -1.7 | -3.0 | -3.3 | -4.5 |
| Tanzania | -3.3 | -1.5 | -3.2 | -6.9 | -6.1 | -5.3 |
| Thailand | 26.6 | 40.5 | 31.9 | 13.3 | 19.6 | 19.2 |
| Timor-Leste | -0.4 | -0.4 | -0.3 | -0.5 | -0.6 | -0.9 |
| Togo | -0.8 | -0.7 | - | - | - | - |
| Tonga | -0.2 | -0.2 | -0.2 | -0.3 | -0.3 | -0.3 |
| Trinidad and Tobago | 2.7 | 1.0 | 4.7 | 9.2 | 3.8 | 2.3 |
| Tunisia | -6.6 | -4.5 | -5.8 | -8.1 | -5.5 | - |
| Turkey | -16.8 | -37.9 | -29.3 | -89.6 | -86.3 | -56.4 |
| Turkmenistan | 7.6 | 3.3 | 5.3 | 10.1 | 10.4 | 8.6 |
| 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 | -3.6 |
| Ukraine | -14.3 | -6.8 | -6.6 | -14.7 | -29.1 | -30.4 |
| United Kingdom | -185 | -164 | -223 | -254 | -259 | -289 |
| United States | -857 | -913 | -1,083 | -1,175 | -1,057 | -1,215 |
| Uruguay | 3.1 | 2.3 | 4.7 | 4.2 | 2.2 | 3.5 |
| Uzbekistan | -7.3 | -6.2 | -8.8 | -11.7 | -14.9 | -13.9 |
| Vanuatu | -0.3 | -0.3 | -0.3 | -0.3 | -0.4 | -0.5 |
| Vietnam | 21.2 | 30.7 | 15.7 | 29.4 | 44.0 | 43.0 |
| West Bank and Gaza | -5.5 | -4.8 | -6.0 | -7.5 | -7.0 | -4.5 |
| Yemen | -4.1 | -4.3 | -4.4 | -4.6 | -4.8 | 0.0 |
| Zambia | 0.7 | 3.2 | 4.8 | 3.4 | 1.4 | - |
| Zimbabwe | 0.2 | 0.2 | -0.8 | -1.1 | -1.5 | - |