List of countries by net exports in the context of "Trade imbalance"

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⭐ Core Definition: List of countries by net exports

This is a list of countries by net goods exports, also known as balance of trade, which is the difference between the monetary value of a nation's exports and imports over a certain time period.The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.

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 and Development (UNCTAD), World Trade Organization (WTO), and World Bank (WB). Countries with positive balance of trade have a trade surplus, countries with negative net exports have a trade deficit.

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👉 List of countries by net exports in the context of Trade imbalance

Balance of trade is the difference between the monetary value of a nation's exports and imports of goods over a certain time period. Sometimes, trade in services is also included in the balance of trade but the official IMF definition only considers goods. The balance of trade measures a flow variable of exports and imports over a given period of time. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other.

If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus. The world's largest trade surpluses are held by China ($823 billion), Germany ($226 billion), and Singapore ($154 billion), while the largest trade deficits are held by the United States ($1.15 trillion), United Kingdom ($271 billion), and India ($241 billion).

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List of countries by net exports in the context of Trade deficit

Balance of trade is the difference between the monetary value of a nation's exports and imports of goods over a certain time period. Sometimes, trade in services is also included in the balance of trade but the official IMF definition only considers goods. The balance of trade measures a flow variable of exports and imports over a given period of time. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other.

If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus. The world's largest trade surpluses are held by China ($823 billion), Germany ($226 billion), and Russia ($120 billion), while the largest trade deficits are held by the United States ($1.15 trillion), United Kingdom ($271 billion), and India ($241 billion).

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