Trade Balance - Ranking 2019
In 2019, United States ($-577.3B), India ($-73.1B), and Philippines ($-45.5B) ranked highest in trade balance among all countries. Germany ranked lowest at $222.0B.
Data & analysis
- China — 546,214,422,316.92
- Ireland — 285,202,025,016.60
- Singapore — 229,393,049,621.51
- Germany — 147,008,193,452.62
- Netherlands — 133,515,071,565.84
The 2025 trade balance data from the World Bank reveals a stark global divide in external surplus and deficit. The top-ranked countries are predominantly export-oriented economies with strong manufacturing or service sectors. China leads with a surplus of 546.4 billion USD, followed by Ireland at 285.2 billion USD, both benefiting from high-value exports in electronics and pharmaceuticals. Singapore and Germany also feature prominently, reflecting their roles as global trade hubs and industrial powerhouses. At the bottom, the United States records a deficit of -981.7 billion USD, driven by sustained consumer demand for imports and a structural trade gap in manufactured goods. This imbalance is rooted in the U.S. reliance on foreign production and its currency’s role as a global reserve. As supply chains evolve and new trade agreements emerge, shifts in energy prices or technology leadership could reshuffle the leaderboard.
| Rank | Country | Value | YoY % |
|---|---|---|---|