26 billion. New Delhi: India recorded a trade deficit with nine of its top ten trade partners in the first seven months of 2023-24, with the US being the only country with which exports exceeded imports. 36 billion and total imports amounting to $36. 804 billion to EUR 1. 7 billion | Trade Gap: $19. Singapore has carved a unique niche in the global trade landscape. 1%), Mozambique (up 7. 7 billion This statistic shows the 20 countries with the highest trade surplus worldwide in 2022. 5 days ago · Boston Snow Indicator: A market theory that states that a white Christmas in Boston will result in rising stock prices for the following year. 03 billion, as of Aug 11, 2022 · Here is a list of countries with whom India reported the maximum trade gap during the June quarter. In 2023, Kuwait ranked 1st May 10, 2021 · In this period, Viet Nam increased its exports by more than 50 times to become the twentieth largest exporter of the world. 81 World map by trade as a share of GDP. exports, and 87. 8. Germany is among the top 10 countries with the highest trade surplus in the world. The United States had a $5. 8%) and Spain (up 95. In comparison, Europe only adds up to 23% of the overall negative balance. 3 billion. 2 billion U. Census Bureau data. 4 billion, or 24. Carat is the unit of measurement for the physical weight of diamonds. dollars and as percentage of GDP, based on the data published by World Bank, United Nations Conference on Trade and Development and Organisation for Economic Co-operation and Development. 50 billion, India has achieved the highest trade surplus of over $26 billion from its foreign trade with the United States Trade surplus by country 2015 World's Top Exports (WTEx) Fastest-Growing Trade Surplus. According to the United Nations Conference on Trade, the year 2023 witnessed significant shifts in global trade patterns and was majorly impacted by supply chain disruptions Similarly, that export country doesn’t necessarily post a negative trade balance with each individual partner with which it exchanges exports and imports. 62 trillion in exports in 2022. India: -US$7. Mar 30, 2024 · 10. 0 billion or 46. 9 billion (country-specific trade deficit in 2023) Netherlands: -$19. 5B Travel Imports: $161. These positive cashflow streams clearly indicate Spain’s The 30 largest trade partners of the United States represent 87. The following tables are based on 2022 data as shown on the CIA World Factbook. Net Trade Surplus in US$ (Thousands): 169,176,499. 7 billion. For example, in Christmas of 1995, Boston received Denmark: $260. The indicator is available from 1960 to 2022. 4 billion (net export surplus up 96. Trade Balance by Country. 9% to DKK 140. On a calendar and seasonally adjusted basis, German exports to countries outside the European Union (third countries) decreased by 6. 3,380. Net Trade Surplus in US$ (Thousands): 97,467,060. Sep 29, 2023 · Net trade in goods APAC 2022, by country or region. As of 2020, China holds the title for the largest trade surplus, with an excess of $536 billion. 9% increase compared to the $105. 55 billion in the same period a year earlier, surpassing market expectations of USD 73 This is a list of countries by net goods exports. 78 billion from December 2019 while imports increased by 1. 7 million deficit trading with South Korea in 2021 to garnering the trade surplus Jun 17, 2024. At present there are only six countries whose reserves are at such a figure; this includes China, Japan, Switzerland, India, Russia South Korea: $2. 94 billion, mainly driven by shipments of electronics (32. Mar 20, 2024 · Nigeria had a 12. In 2023, China's merchandise trade surplus amounted to around 823. 8%) and the United Kingdom (up 28. 6% to USD 30. China was India’s top trading partner from 2013-14 till 2017-18 and also in 2020-21. Fert. To put China’s trade surplus metric into perspective, the Feb 4, 2022 · The United States will have one trade surplus with a top 10 trade partner when 2021 annual data is released next week, the United Kingdom. Oct 6, 2022 · The most extreme example of this is the US, which operates in the largest trade deficit of all countries analysed and has the highest FDI surplus. mainland China: -US$30. This page provides values for Balance of Trade reported in several countries part of Asia. 1%) and Chile (up 0. 1 per cent in dollar terms last 21 June 2024 Exports to non-EU countries in May 2024: expected decrease of 6. 2%) and Ecuador (up 33. : Taiwan. Australia. 4-billion surplus for 2014. 8%) Well over four-fifths (84. Year over year, China’s recent $587. [1] Vietnam's trade surplus on goods narrowed sharply to USD 0. 3 billion; mainland China: -$3. The trade surplus in services trade is US$70 billion in the year 2017–18. Among the top trading partners, Qatar increased its import purchases from Vietnam at the fastest rate with via its 55. 3 billion; Germany: -$16. The goods surplus fell from EUR 6. Exports grew 18. 3 billion, or 10. 0 billion. - Surplus: $1. 5B. 500 billion the previous year. 9 percent of U. 04 billion. 8 billion or 17. The statistic shows a ranking of the top 20 import countries worldwide in 2022. : $1. 59 billion, down from Rs 1,720. 8 billion for 2014. 66 billion U. While the country brought in over $3 trillion in imports, the amount of exports was just $2. 76. 4% on April 2024. 24 billion, preliminary estimates showed. 2%), Japan (up 103. The merchandise trade balance is the value of Peru: $342. China. 66 billion in the corresponding month of the previous year, a flash figure showed. Other countries with notable trade surpluses include Germany ($253 billion), Japan ($120 billion), and the Netherlands ($99 billion). 0. In 2022, the net trade in goods across the Asia-Pacific region was highest in China and amounted to approximately of 668. source: EUROSTAT. India's trade surplus with the US - its largest trading partner - was $19. Andorra: $1. International trade, the exchange of goods Jul 16, 2023 · In May 2023, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 18. dollars A trade surplus is an economic measure of a positive balance of trade, where a country’s exports exceed its imports. India is the dominant trading partner of Nepal with the highest trade volume. 7% to DKK 167. were the leading import country in the world with an Aug 8, 2020 · While India has maintained a comfortable surplus of more than $17 billion with the United States, its largest export market, deficits have become deeper for all other nations Premium The government may have a much harder time reining in the deficit due to bulging oil imports, most of which comes from Saudi Arabia and Iraq When a country exports more than it imports, it is listed among trade surplus countries. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Feb 7, 2024 · The 2023 decrease in the goods and services deficit reflected a decrease in the goods deficit of $121. 4 percent of U. 2trn more goods globally than it exported in 2021 and invested in 900 more goods-based FDI projects than its inbound investment levels. Ghana. 2 billion. 2 billion almost, i. It was the 13th month of surplus and the largest trade gain since September 2020, as exports grew . 4 trillion U. Census Bureau. 4%) grew at the fastest pace from 2021 to 2022. Jul 16, 2023 · Countries in the world by population (2024) This list includes both countries and dependent territories. In addition, Finland went from enduring a -$14. Compared to the previous month, exports grew by 3. In 2020 cars, automobile parts or accessories, and machinery for making semi-conductors are major drivers for the highest positive trade balances for Japan. 2% compared to April 2023. e. Germany. Sweden incurred the highest trade deficits with the following countries. The services trade (exports and imports) are not part of commodities trade. Singapore. China | Import: $24. In 2022, the U. $47,975. $44,012. Among Australia’s trading partners that generate the greatest positive trade balances, Australian surpluses with China (up 100. Compare Balance of Trade by Country. a Top Ten Countries with which the U. Here they are: Hong Kong: $30. According to the United Nations Conference on Trade, the year 2023 witnessed significant shifts in global trade patterns and was majorly impacted by supply chain disruptions Total trade in December 2020 expanded by 6. Conversely, countries with trade deficits have more imports than exports. The average for 2022 based on 153 countries was 3. 59 billion in the April-October period, show data from the Similarly, that export country doesn’t necessarily post a negative trade balance with each individual partner with which it exchanges exports and imports. Mar 30, 2024 · Germany is among the top 10 countries with the highest trade surplus in the world. Italy incurred the highest trade deficits with the following countries. org. Nov 14, 2023 · A trade surplus is commonly seen as favorable for an economy. Most of these imports were from refined petroleum, semi finished iron, rice and gold from countries such as India, China, United Arab Jun 13, 2024 · Published by. 200 grams, which means it takes over 2,265 carats to equal 1 pound. Mexico experienced money-losing international trade relationships with over 100 countries, islands or territories. For a full list of all trading partners and their rankings, see supplemental exhibit 4 in the FT-900 . The world’s best exporter as measured by overall sales, mainland China shipped US$3. Only recently, the US surpassed China to become India’s top trading partner in 2021-22. mainland China: -US$7. Thus, this article will explore 20 countries with the highest trade surplus in 2022. Data based on the latest United Nations Population Division estimates. South Korea's trade surplus widened sharply to USD 8 billion in June 2024 from USD 1. 7%) grew at the fastest pace from 2022 to 2023. click. 5%) posted the strongest advances in their purchases from Argentina from 2022 to 2023. Philippines: $1. 7 billion and an increase in the services surplus of $56. Belgium: $14. 10 EUR Million in July of 2015 and a record low of -55033. 6 billion. 33. 81 52. China's Mar 30, 2024 · 5. 4% since 2018) Mar 30, 2024 · Germany is among the top 10 countries with the highest trade surplus in the world. China remains Germany’s biggest trading partner, followed by the Netherlands and the United Germany is among the top 10 countries with the highest trade surplus in the world. USD Million. United Arab Emirates: $2. The table has current values for Balance of Trade, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts. In contrast, whereas the United States and Germany maintained their competitive stance throughout the years, the United Kingdom, a historically trading nation, has seen its share of global trade fall within the last decade Jun 20, 2024 · The U. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). China: -US$107. , Jun 17, 2024. 576. 6% to RM75. 6 billion in 2021, up by 23. 4 billion in imports. Several nations are known for their consistent trade surpluses. 1 billion) in 2022. 714 billion to EUR 3. Net Trade Surplus in US$ (Thousands): 576,329,961. In 2023, Mexico is still the second largest trading partner of the United States after Canada. 8%) grew at the fastest pace from 2022 to 2023. , a decrease of about QR 16. dollars in 2023, meaning that it was, by far, the country with the highest exports worldwide that year. The highest value was in China: 576. - Trade deficit: $1. Congo: $1. 1 billion surplus during 2014. In 2018, the trade deficit of this nation was $621 billion. by Daniel Workman. international trade in March, including top trading partners, exports and imports, and trade balance. For the third consecutive year, other personal travel (primarily leisure travel), generated a trade deficit ($-26. 5%) and France (up 97. See the latest data on U. 6%) and Zimbabwe (up 4. 9% to RM20. Norway incurred the highest trade deficits with the following countries. TEMPO. Click on the name of the country or dependency for current estimates (live population clock), historical data, and projected figures. 399 billion in December 2021, down from EUR 7. Get in touch with us now. 823. 4%) of Pakistani exports in 2022 was delivered to the above major trade partners. 8 million (0. Top Mexican Trade Balances by Country: Deficits. Mainland China, Switzerland and Iraq took the top three spots for trade partners causing India its highest negative balances exchanging exports and imports. Netherlands: $24. #22. 4% in May 2024 compared with April 2024. 9B Travel Trade Balance: +$3. 1 billion. 9 billion. 8% compared to May 2022, and decrease by nearly QR 3. 58% trade-to-GDP ratio in 2021. 8% from $39. International trade, the exchange of goods […] Current account balance compares a country's net trade in goods and services, plus net earnings, and net transfer payments to and from the rest of the world during the period specified. The United States has the largest trade deficit in the world. 2 billion in 2021, down -6. China's trade surplus widened to USD 82. dollars. Similarly, that export country doesn’t necessarily post a negative trade balance with each individual partner with which it exchanges exports and imports. Year-on-year, exports grew 10. Uruguay (up 10. 8 million. 3%) grew at the fastest pace from 2022 to 2023. 5%), Poland (up 151. 03. These figures are calculated on an exchange rate basis. -5204919353. 20 EUR Million in April of 2024. Among the Netherlands’ trading partners that generate the greatest positive trade balances, Dutch surpluses with the United Kingdom (up 858%), Sweden (up 102. Revised Namibia: $2. 32 billion last year, the highest on record going back to 2006, Reuters calculations based on customs data showed on Monday. Jul 25, 2023 · Recent data released by the Customs Department reveals that the trade deficit for the entire 12-month duration of fiscal year 2079/80 has amounted to Rs 1,454. Gibraltar: $1. It represents a net inflow of domestic currency from foreign markets and is an indication of a nation’s savings. Jan 1, 2024 · Representational. The total export value was recorded at USD 16. 8%) South Africa: $239. com/e/_DFNWyOx?bz=500*500Shop unbelievable items for unbeatable prices - https://s. India’s overall trade deficit for all products equaled -US$175. 5 billion. Russia’s large lead over second-place Among Finland’s trading partners that generate the greatest positive trade balances, Finnish surpluses with Argentina (up 330. If you would like to skip our discussion on the trends in global trade, you can go to the 5 Countries With The Highest Trade Surplus in the World. Among Spain’s trading partners that generate the greatest positive trade balances, Spainn surpluses with Switzerland (up 12,910%), Panama (up 661. The balance of trade is positive when the value of exports is greater than the imports, which creates a trade surplus. 6% increase compared to $2. : $0 billion; imports from U. Jun 15, 2021 · 15 June 2021 17:41 WIB. On the other hand, the balance of trade is negative when the value of exports is greater than imports, in which case there is a trade deficit. 7 billion and was the highest trade surplus ever recorded for the month of December. According to provisional data of the Federal Statistical Office ( Destatis The United States has a robust trade and investment relationship with the ten countries that comprise the Association of Southeast Asian Nations (ASEAN). 19 billion U. Top 20 Countries with the highest trade surplus in 2022. 9 billion (Up 41. In 2022, Nepal incurred the highest trade deficits with the following countries. 5 billion trade surplus reflects a 9. Switzerland: $6 billion. 5 billion in 2021, far exceeding the $383. May 17, 2019 · Trade between Lebanon and the U. The following table shows the value of total annual merchandise exports and imports, expressed in millions of United States dollars (current prices), and the resulting trade balance, according to United Nations Conference on Trade Timeline of the top 5 countries. Aaron O'Neill , Jun 13, 2024. China remains Germany’s biggest trading partner, followed by the Netherlands and the United States. China’s trade surplus reached $94. Year over year, the overall value of mainland China’s total trade balance for all products equaled a positive US$587. 81 This page provides values for Balance of Trade reported in several countries. These countries -- Brunei Darussalam, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam -- collectively the United States’ fourth-largest goods trading partner and together represent a market with a Mar 30, 2024 · In this article, we will take a look at the 20 countries with the highest trade surplus in the world. For a full list of all trading partners and their rankings, see supplemental exhibit 4 in the FT-900. imports as of 2021. Austria: $7. 9% to USD 30. Jul 31, 2023 · The best of the best: the portal for top lists & rankings: The 20 countries with the highest trade surplus in 2022. 8% increase from the nation’s $535 billion surplus for 2020. 2% from the $105. Private investment and a strong export sector fuel China’s remarkable economic growth. 5 billion in December Mar 31, 2024 · When a country exports more than it imports, it is listed among trade surplus countries. Below is a chart for all countries where data are available. Gibraltar. The year on year (May 2023 vs. The top 20 countries with the highest trade surplus in 2022 include Jun/24. This is the list of countries by current account balance, expressed in current U. International trade, the exchange of goods […] Mar 30, 2024 · In this article, we will take a look at the 20 countries with the highest trade surplus in the world. Meanwhile, imports climbed 19. China remains Germany's biggest trading partner, followed by the Netherlands and the United States. 4% gain from 2021 to 2022. Top-Line Information. 2 billion, while imports rose by 0. Yemen. 36 billion, which is the highest in 2021. Vanuatu is a country situated in the South Pacific Ocean and has a GDP of $1. 51. Mar 1, 2016 · China alone represents about 50% of the total trade deficit. 8 billion Italy’s current account surplus shrank to EUR 4. Mar 31, 2024 · Germany is among the top 10 countries with the highest trade surplus in the world. 3 billion in February 2024 from a downwardly revised DKK 21. Mar 11, 2019 · The country's largest imports are alumina (for manufacturing aluminum), grain and flour, consumer and capital goods, and energy in the form of petroleum and petroleum products, electricity, and natural gas. - Imports: $22. 8 billion (country-specific trade deficit in 2023) Netherlands: -$10. Top Trading Partners - April 2024 Data are goods only, on a Census Basis, in billions of dollars, unrevised. 5 trillion. Balance of Trade in Euro Area averaged 5487. dollars and the lowest value was in the USA: -951. dropped slightly in 2018, resulting in Lebanon moving from previously ranked 91st top trading partner to 92nd, according to U. 41 billion recorded in the corresponding period of the preceding fiscal year. The other two gainers were fellow South American countries Peru (up 4. 04. 6 billion in black ink one year earlier in 2022. The balance of trade is the difference between exports and imports of a country. Jan 14, 2022 · The country’s surplus in December also shattered by a wide margin the record for the highest single month, set only two months earlier. 3 billion | Export: $4. 2 million (0. 9. Japan’s total trade balance for all products equaled a US$6. 91 billion, the highest since records started in 1950, with exports rising 7% and imports up 1%. 7 billion (country-specific trade deficit in 2022) mainland China: -$1. 3%). One carat equals 0. 393 billion. 6 billion U. Counting the European Union (EU) as one, the World Trade Organisation ranks India fifth for commercial services exports and sixth for commercial services imports. 9 billion surplus for 2020, reversing -$118. The largest exports of the United States were cars, food, and commercial aircraft. Nov 19, 2022 · Moreover, the US continues to be the biggest trading partner of India with cumulative trade value at $67,7 Bn. Top Trading Partners - January 2017 Data are goods only, on a Census Basis, in billions of dollars, unrevised. 5-billion surplus that the Russian Federation earned during 2020. -4965847645. USD Billion. The United States also has smaller, positive trade balances with some nations. The US imported $1. 63 EUR Million from 1999 until 2024, reaching an all time high of 29946. 6 billion in the preceding month, as exports grew more than imports. 2,556. The country has emerged as a global leader Denmark’s goods and services trade surplus widened to a seasonally adjusted DKK 26. 2 billion in black ink represents an 87. Products for only $0,01 for new users - https://s. 11 billion trade surplus with Singapore’s trade surplus rose 33. It means the country is selling more goods to other countries than buying. About four-fifths (80. Year over year, the most recent $198. 68 billion in April 2024 from USD 2. China is the largest trading partner of many countries. 3 percent, to $1,061. - Exports: $20. aliexpress. Before China, the UAE was the country’s largest trading Russia’s overall trade surplus incorporating all products and countries equaled US$198. Euro Area recorded a trade surplus of 15040. 33 billion U. 5% since 2021) Mar 1, 2024 · Mar 1, 2024. Dec 8, 2023 · In terms of imports, Nepal incurred $15. Italy. 498 trillion in 2019. 845 billion, while the primary income surplus fell from EUR 3. Mar 30, 2024 · 1. Dec 29, 2023 · With exports worth $63. 26 billion in the same month a year earlier, far above market expectations of USD 5. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Balance of Trade. 389 trillion worth of products around the globe in 2023. CO, Jakarta - Statistics Indonesia (BPS) announced on Tuesday, June 15, 2021, that Indonesia recorded the highest trade balance surplus in May with a total value of USD 2. 60 billion while the import value was recorded at USD 14. Trade surpluses in education-related expenditures, by border, seasonal May 3, 2023 · Countries with Largest Trade Surpluses. Germany: -US$11. Trade surplus surged by 64. by Flagpictures. 62 billion in May 2024 from USD 65. 1%) of Argentina’s exports in 2023 was delivered to the above 25 trade partners. 3 billion) - Top goods exported to U. 3 percent, to $288. Among Colombia’s trading partners that generate the greatest positive trade balances, Colombian surpluses with Peru (up 299. That dollar amount results from a 35. In 2022, the trade surplus surged 31% to USD 876. The Euro Area is one of the world’s Jan 14, 2019 · China's trade surplus with the United States rose to $323. 5%), Hong Kong (up 29%) and the United Arab Emirates (up 15%) grew by double-digits from 2022 to 2023. The country is a global export giant, having reached a staggering $1. S. Vietnam: US$10. These figures do not include services or foreign direct investment. The trade-to-GDP ratio is also known as the "trade openness index". 40% tariff rate in 2020 and the country boasted a 22. The following 10 trade partners created a -US$205 billion deficit subtotal for Mexico from exchanging exports and imports in 2022. 1 billion in red ink for 2013. 23. Net Trade Surplus in US$ (Thousands): 87,290,175. Sep 29, 2023 · Russia takes the top spot as the world’s largest rough diamond producer, mining close to 42 million carats in 2022, well ahead of its peers. This is the list of countries by trade-to-GDP ratio, i. 2 billion (country-specific trade deficit in 2023) United States of America: -$1. Thus, the statistics below present the surplus between the value of each country’s leather shoes exports and its import purchases for that same commodity. Based on Investopedia’s definition of net importer, a country whose total value of all imported goods is lower than its value of all exports is said to have a positive trade balance or surplus. #48. 40 EUR Million in August of 2022. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. has a Trade Surplus For the month of October 1995 Mar 30, 2024 · In this article, we will take a look at the 20 countries with the highest trade surplus in the world. 5% to RM170. dollars, slightly lower than in the previous year. 4 billion. Largest Trade Surplus By Country. The five countries with the largest foreign exchange reserves almost all have reserves of at least 500 billion USD and higher and have maintained such an amount for at least a week. The statistic shows the 20 countries with the highest public surplus in 2023 in relation to the gross domestic product (GDP). 6%). the sum of exports and imports of goods and services, divided by gross domestic product, expressed as a percentage, based on the data published by World Bank. EU: goods trade balance with rest of world by member state 2023. 2022 Travel Trade Balance by the Numbers: Travel Exports: $165. Among South Africa’s trading partners that generate the greatest positive trade balances, South African surpluses with fellow African nations Democratic Republic of the Congo (up 8. Democratic Rep. 2. Tokyo skyscraper. Data are in current U. 3 billion (exports to U. 8%) and Switzerland (up 9. Jan 14, 2021 · China's trade surplus hit its highest ever monthly level in December, as the country's exports continued to boom during the coronavirus pandemic. The value of exports of China amounted to almost 3. We would like to show you a description here but the site won’t allow us. Singapore incurred the highest trade surpluses with Poland: $10. 8% from -$141. Despite its small landmass, the country has a high trade China’s Top Trading Partners. 8 billion. Dec/22. Essentially, it means that demand for a country’s goods and services by foreign consumers is greater than its Compare Balance of Trade by Country. cp oz zb lf ho rd bw bm xp cr