Australia - Trade Balance 1988
$-1.6B
+$1.5B from 1987
Australia's trade balance was $-1.6B in 1988, increased +$1.5B from $-3.0B in 1987. This was the 20th highest globally.
Global Ranking - 1988▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | United States | $-109.4B | 24.4% |
| 2nd | United Kingdom | $-27.5B | -460.2% |
| 3rd | Iran, Islamic Republic of | $-8.6B | -1,597.9% |
| 4th | Spain | $-7.9B | -189.7% |
| 5th | Egypt, Arab Republic of | $-6.2B | -52.9% |
| 6th | Germany | $-5.1B | -15.3% |
| 7th | Greece | $-4.6B | -37.4% |
| 8th | Portugal | $-4.5B | -89.2% |
| 9th | India | $-4.2B | -9.7% |
| 10th | Algeria | $-4.2B | -51.7% |
| 11th | China | $-4.1B | -1,495.5% |
| 12th | France | $-3.8B | 45.4% |
| 13th | Saudi Arabia | $-3.4B | 36.3% |
| 14th | Cuba | $-3.0B | -9.6% |
| 15th | Viet Nam | $-2.8B | 12.8% |
| 16th | Israel | $-2.8B | 19.9% |
| 17th | Pakistan | $-2.1B | -21.7% |
| 18th | Iraq | $-2.0B | -18.8% |
| 19th | Bangladesh | $-1.8B | -11.2% |
| 20th | Australia | $-1.6B | 48.5% |
| 21st | Jordan | $-1.3B | 19.9% |
| 22nd | Mongolia | $-1.2B | 3.9% |
| 23rd | Nicaragua | $-1.1B | -1,283.3% |
| 24th | Syrian Arab Republic | $-975.4M | 35.3% |
| 25th | Norway | $-862.1M | 62.2% |
| 26th | Thailand | $-856.9M | -402.8% |
| 27th | Sri Lanka | $-750.9M | -7.0% |
| 28th | Senegal | $-679.2M | 2.5% |
| 29th | Uganda | $-664.2M | -8.1% |
| 30th | Ecuador | $-607.0M | 37.8% |
| 31st | Sudan | $-562.2M | 17.3% |
| 32nd | Austria | $-561.0M | -993.5% |
| 33rd | Peru | $-466.7M | 37.4% |
| 34th | Guatemala | $-457.4M | -0.2% |
| 35th | Kenya | $-437.2M | -7.7% |
| 36th | Haiti | $-422.8M | - |
| 37th | Burkina Faso | $-422.0M | -6.5% |
| 38th | Mali | $-383.1M | -18.2% |
| 39th | Nepal | $-381.3M | -41.8% |
| 40th | Finland | $-378.1M | -179.6% |
| 41st | Georgia | $-361.2M | -801.4% |
| 42nd | Papua New Guinea | $-317.1M | -55.0% |
| 43rd | Ghana | $-305.6M | 7.7% |
| 44th | Benin | $-296.2M | -20.9% |
| 45th | El Salvador | $-271.3M | 3.6% |
| 46th | Rwanda | $-263.1M | -4.3% |
| 47th | Cyprus | $-232.2M | -110.1% |
| 48th | Togo | $-231.1M | -39.7% |
| 49th | Chad | $-223.7M | 8.4% |
| 50th | Bolivia, Plurinational State of | $-201.0M | -6.0% |
| 51st | Gabon | $-194.1M | -134.2% |
| 52nd | Malta | $-192.0M | -23.4% |
| 53rd | Somalia, Fed. Rep. | $-180.3M | 27.2% |
| 54th | Guinea-Bissau | $-165.6M | -32.8% |
| 55th | Dominican Republic | $-128.4M | 68.5% |
| 56th | Seychelles | $-125.8M | -39.8% |
| 57th | Faroe Islands | $-125.4M | -4.8% |
| 58th | Niger | $-120.6M | -23.3% |
| 59th | Solomon Islands | $-120.0M | -78.1% |
| 60th | Cabo Verde | $-113.1M | -0.9% |
| 61st | Lao PDR | $-109.4M | -26.9% |
| 62nd | Madagascar | $-106.1M | -78.6% |
| 63rd | Mauritius | $-105.9M | -373.8% |
| 64th | Guinea | $-100.2M | -629.0% |
| 65th | Central African Republic | $-92.5M | 28.1% |
| 66th | Costa Rica | $-82.5M | 56.0% |
| 67th | Bulgaria | $-74.5M | 85.6% |
| 68th | Comoros | $-60.8M | -7.4% |
| 69th | Albania | $-60.3M | -2,805.5% |
| 70th | Iceland | $-60.1M | 4.1% |
| 71st | Bhutan | $-59.7M | -62.3% |
| 72nd | Mauritania | $-52.1M | 45.2% |
| 73rd | Tonga | $-46.9M | -70.7% |
| 74th | Morocco | $-37.1M | 96.4% |
| 75th | Vanuatu | $-36.5M | 1.9% |
| 76th | Kiribati | $-27.1M | -0.1% |
| 77th | Honduras | $-23.2M | 57.4% |
| 78th | Gambia, The | $-21.6M | 0.9% |
| 79th | Belize | $-21.3M | -128.8% |
| 80th | Guyana | $-17.8M | 55.2% |
| 81st | Congo, Republic of | $4.4M | -93.9% |
| 82nd | Cameroon | $8.7M | 101.7% |
| 83rd | Tunisia | $36.4M | 137.9% |
| 84th | Namibia | $37.5M | 133.2% |
| 85th | Panama | $115.3M | 143.7% |
| 86th | Sierra Leone | $151.2M | 161.1% |
| 87th | Zimbabwe | $264.3M | 43.0% |
| 88th | Côte d'Ivoire | $266.4M | -30.7% |
| 89th | Philippines | $291.3M | 381.0% |
| 90th | Uruguay | $355.0M | 97.2% |
| 91st | Macao SAR, China | $380.9M | 5.1% |
| 92nd | Italy | $400.1M | -87.8% |
| 93rd | Paraguay | $497.6M | 4,665.5% |
| 94th | Bahrain | $660.6M | 30.1% |
| 95th | Botswana | $703.2M | 34.1% |
| 96th | Oman | $725.6M | -53.1% |
| 97th | Luxembourg | $862.1M | 37.9% |
| 98th | Colombia | $952.7M | -35.1% |
| 99th | Kuwait | $956.9M | -72.3% |
| 100th | Türkiye | $1.0B | 152.7% |
| 101st | Chile | $1.7B | 204.6% |
| 102nd | New Zealand | $1.8B | 99.1% |
| 103rd | Puerto Rico (US) | $2.1B | 55.7% |
| 104th | Ireland | $2.3B | 60.7% |
| 105th | Indonesia | $2.4B | 44.1% |
| 106th | Singapore | $2.4B | 290.7% |
| 107th | Mexico | $2.5B | -70.3% |
| 108th | Switzerland | $2.7B | 5.3% |
| 109th | Sweden | $3.2B | -1.1% |
| 110th | Malaysia | $3.6B | -19.3% |
| 111th | Canada | $3.8B | -23.7% |
| 112th | Belgium | $3.9B | 43.1% |
| 113th | Denmark | $4.0B | 78.7% |
| 114th | Argentina | $4.2B | 1,201.6% |
| 115th | Hong Kong SAR, China | $5.3B | 1.1% |
| 116th | South Africa | $6.0B | -29.7% |
| 117th | Netherlands | $11.2B | 14.8% |
| 118th | Korea | $12.2B | 28.1% |
| 119th | Brazil | $17.1B | 78.4% |
| 120th | Japan | $60.3B | -14.0% |
FAQ
What was Australia's trade balance in 1988?▾
Australia's trade balance in 1988 was $-1.6B. This ranked 20th globally.
How did Australia's trade balance change in 1988?▾
Australia's trade balance increased by 48.5% in 1988 compared to 1987.
Which country had the highest trade balance in 1988?▾
Japan had the highest trade balance in 1988 at $60.3B.
What is the trade balance of Australia in 1988?▾
The trade balance of Australia in 1988 was $-1.6B. This ranked 20th globally.
How does 1988 compare to 1987 for Australia's trade balance?▾
Australia's trade balance went from $-3.0B in 1987 to $-1.6B in 1988, a 48.5% increase.
Related
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