External balance on goods and services

Table of Contents

External balance (current US$) by country

Lack of map.
A map of the world, with colours to highlight the external balance of each country. Numbers on the legend are US$.

List of all countries

Flag Position Country Number
1 China 386035269476
2 Singapore 187333096508
3 Ireland 181411936225
4 Germany 181281173003
5 Netherlands 128927227331
6 Switzerland 110058404656
7 Russia 87678768682
8 Saudi Arabia 78695733333
9 United Arab Emirates 76549943272
10 Australia 75573099651
11 Norway 71491259072
12 Spain 63617520964
13 Brazil 51442237675
14 Poland 46613353421
15 Vietnam 34505666411
16 Denmark 33180919662
17 Indonesia 29857207586
18 Italy 28056758345
19 Luxembourg 26447309455
20 Sweden 23264867809
21 Malaysia 20382943824
22 Israel 18900041682
23 Kazakhstan 18477891113
24 Czechia 17141795275
25 Angola 12445363179
26 Hungary 10857608813
27 Austria 10823236212
28 Azerbaijan 10470941176
29 Thailand 9058970399
30 Algeria 8805978887
31 Peru 8744530328
32 Bahrain 7970212765
33 Gabon 6975560020
34 Libya 6571580007
35 Turkmenistan 5547400000
36 Costa Rica 4635653892
37 Slovenia 4428033989
38 Chile 4383337168
39 Bulgaria 4201285841
40 Malta 4036481986
41 Lithuania 3114842973
42 Panama 2835916900
43 Congo 2693665485
44 Portugal 2666160824
45 Uruguay 2519682498
46 Brunei Darussalam 2497175416
47 Slovakia 2103311847
48 Mongolia 1961371705
49 Equatorial Guinea 1451065079
50 South Africa 1252341416
51 Zambia 951539024
52 Paraguay 904885487
53 South Korea 884838156
54 Finland 877990125
55 Belarus 459341280
56 Cyprus 423835474
57 Estonia 353519696
58 Ecuador 336311000
59 Iceland 154336257
60 Belize 124281450
61 Maldives -83586104
62 Marshall Islands -83824800
63 Nauru -86376199
64 Cambodia -178449106
65 Djibouti -184056001
66 Micronesia -184880700
67 Armenia -195208163
68 Kiribati -237352791
69 Seychelles -239215326
70 Sudan -281371341
71 Guinea-Bissau -292243389
72 Comoros -297924594
73 Samoa -311008687
74 Central African Republic -373074188
75 Mauritius -433845900
76 Cabo Verde -456356000
77 Bahamas -460640000
78 Burundi -503767159
79 Gambia -556544953
80 Chad -600695104
81 Ghana -735501181
82 Sierra Leone -821998171
83 Botswana -835391274
84 Timor-Leste -903715900
85 Madagascar -1112245225
86 Lesotho -1179022982
87 Albania -1215863579
88 Togo -1248842363
89 Sri Lanka -1381023149
90 Montenegro -1403673584
91 Burkina Faso -1442586517
92 Croatia -1546601421
93 Latvia -1579771309
94 Mauritania -1586528421
95 Guinea -1645376312
96 Tunisia -1655347774
97 Benin -1763673880
98 Democratic Republic of the Congo -1838342541
99 Cameroon -1965973410
100 North Macedonia -2054991578
101 Rwanda -2134773595
102 Niger -2147650784
103 Mali -2186186771
104 Nicaragua -2366086028
105 Bolivia -2434494740
106 Georgia -2652144243
107 Zimbabwe -2690324727
108 Ivory Coast -2787461131
109 Namibia -2814303431
110 Tanzania -3021112851
111 Mozambique -3157648303
112 Bosnia and Herzegovina -3243204328
113 Serbia -3532643820
114 Belgium -3866292231
115 Moldova -3978526495
116 Haiti -4018610656
117 Afghanistan -5811514183
118 Somalia -5837317460
119 El Salvador -6350880000
120 Jordan -6736056338
121 New Zealand -7249913004
122 Argentina -7378312554
123 Senegal -7717991983
124 Honduras -8232843110
125 Kyrgyzstan -8648716197
126 Egypt -8863448111
127 Dominican Republic -8911362526
128 Canada -9724361785
129 Nepal -11342747485
130 Greece -11541266701
131 Morocco -11968192981
132 Ethiopia -12112674623
133 Iran -15286552147
134 Guatemala -15735909652
135 Romania -16786961939
136 Uzbekistan -17268212742
137 Colombia -17517519252
138 United Kingdom -18713824619
139 Bangladesh -20421363480
140 Mexico -21367644577
141 Pakistan -25817980021
142 Turkey -27340539420
143 Ukraine -37406824031
144 France -61021178736
145 Philippines -61590587933
146 Japan -64814781832
147 India -79393265768
148 United States of America (USA) -797342000000

Bar chart

World external balance by year

World external balance by year.

Table

Year Number

Largest economies by external balance

Top 10 countries by external balance

External balance on goods and services

External balance on goods and services is the method of calculating potential profits or losses in terms of exporting and importing any type of merchandise. If the total number of exports of goods and services is higher than the import, then we are dealing with a positive external balance. If the situation is opposite, then the nation is suffering losses and its external balance on goods and services is negative.

Which country loses the most? Top 5 countries with negative external balance

At the first place of the infamous list is the United States of America with a seemingly incredibly large number of -$610,470,000, which is roughly -$610 million. Though it seems quite a lot, it is still comparably low when we take into account their GDP. The value of -$78 million which is a huge difference when compared to the number 1, belongs to India.

The third place, according to the latest gathered data from 2019, belongs to the Philippines, which suffered the loss of $45 million. It is important to note that Venezuela had an external balance on goods and services of -$70 million, but the officials haven't provided the official data gathering bodies since 2014.

What about the largest gains? Here is the list of countries that had large profits

Germany is first with the value of $223 million, which is followed by China with $165 million. According to the same data from 2019, we can notice Russian Federation at the lowest step of the podium with external balance on goods and services estimated at $128 million.

There are two countries that are coming close to Russia in terms of the profit, and these are Singapore and the United Arab Emirates. Both had the positive balance at approximately $100 million.