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United Kingdom - Trade Balance 1974

External balance on goods and services · World Bank
$-9.4B −$5.3B from 1973 Global rank: 1st

United Kingdom's trade balance was $-9.4B in 1974, decreased +$5.3B from $-4.0B in 1973. This was the 1st highest globally.

Global Ranking - 1974▾
Trade Balance by Country - 1974
RankCountryValueYoY
1st United Kingdom $-9.4B -133.3%
2nd Italy $-7.5B -130.3%
3rd Brazil $-6.2B -533.0%
4th Spain $-5.2B -353.3%
5th Japan $-4.0B -1,615.3%
6th Israel $-3.1B -29.8%
7th France $-2.2B -187.7%
8th Germany $-2.2B 45.2%
9th Korea $-2.2B -312.5%
10th Portugal $-2.1B -156.5%
11th Türkiye $-2.0B -266.7%
12th New Zealand $-1.7B -8,906.1%
13th Mexico $-1.6B -167.7%
14th Greece $-1.6B 7.9%
15th Cuba $-1.3B -14.2%
16th India $-1.2B -169.0%
17th Denmark $-1.1B -96.6%
18th Ireland $-1.1B -112.1%
19th Egypt, Arab Republic of $-1.0B -115.9%
20th Peru $-1.0B -351.1%
21st Finland $-957.5M -278.5%
22nd Puerto Rico (US) $-922.8M 10.5%
23rd Bangladesh $-831.8M -93.5%
24th United States $-815.0M -119.8%
25th Singapore $-784.4M -134.3%
26th Norway $-728.0M -741.2%
27th China $-503.1M -171.7%
28th Syrian Arab Republic $-498.5M -314.6%
29th Austria $-471.2M -158.3%
30th Pakistan $-327.5M -1,053.8%
31st Panama $-327.4M -158.2%
32nd Thailand $-324.3M -107.3%
33rd Switzerland $-321.5M -280.4%
34th Sudan $-317.3M -374.2%
35th Dominican Republic $-273.7M -164.4%
36th Sri Lanka $-266.9M -666.0%
37th Costa Rica $-249.6M -168.8%
38th Senegal $-226.8M -5.1%
39th Kenya $-214.5M -570.4%
40th Nicaragua $-205.9M -96.4%
41st South Africa $-201.6M -127.3%
42nd Niger $-171.4M -120.3%
43rd Canada $-156.4M -110.9%
44th Sweden $-154.1M -109.0%
45th Mali $-151.6M -112.6%
46th Iceland $-146.7M -498.7%
47th El Salvador $-140.2M -221.5%
48th Colombia $-134.9M -157.8%
49th Honduras $-131.8M -520.4%
50th Burkina Faso $-121.3M -8.3%
51st Somalia, Fed. Rep. $-105.3M -60.2%
52nd Guatemala $-103.0M -692.0%
53rd Uruguay $-102.6M -383.7%
54th Ghana $-100.6M -166.2%
55th Malta $-99.4M -59.7%
56th Lesotho $-95.7M -47.5%
57th Madagascar $-89.8M -17.3%
58th Guinea-Bissau $-87.9M -9.1%
59th Benin $-84.2M -62.2%
60th Botswana $-73.0M -29.3%
61st Nepal $-62.1M -69.8%
62nd Australia $-57.5M -102.9%
63rd Chad $-54.9M -9.1%
64th Morocco $-48.8M 38.4%
65th Central African Republic $-43.9M -105.7%
66th Congo, Republic of $-36.6M 42.6%
67th Rwanda $-28.3M -427.5%
68th Faroe Islands $-24.8M -353.4%
69th Paraguay $-22.0M -418.7%
70th Afghanistan $-17.8M 42.9%
71st Mauritania $-16.3M -164.7%
72nd Sierra Leone $-13.2M -285.9%
73rd Uganda $-6.8M -111.8%
74th Gambia, The $-4.5M 17.0%
75th Guyana $8.4M 116.3%
76th Malaysia $22.4M -94.8%
77th Chile $37.1M 110.6%
78th Kiribati $39.0M 825.9%
79th Cameroon $56.9M 190.6%
80th Papua New Guinea $103.3M -20.9%
81st Tunisia $112.0M 1,251.9%
82nd Togo $139.3M 459.6%
83rd Bolivia, Plurinational State of $178.4M 2,433.3%
84th Gabon $220.6M 2,487.9%
85th Côte d'Ivoire $224.8M 255.3%
86th Ecuador $257.4M 442.7%
87th Belgium $288.9M -68.5%
88th Oman $427.3M 600.3%
89th Algeria $430.5M 181.2%
90th Argentina $444.4M -55.6%
91st Hong Kong SAR, China $450.0M -11.2%
92nd Brunei Darussalam $780.5M -
93rd Luxembourg $869.0M 81.1%
94th Indonesia $2.0B 1,996.6%
95th Iraq $3.4B 204.3%
96th Netherlands $4.8B 24.5%
97th Kuwait $9.3B 243.6%
98th Iran, Islamic Republic of $10.8B 211.5%
99th Saudi Arabia $22.6B 91.8%
Source: World Bank (NE.RSB.GNFS.CD)

FAQ

What was United Kingdom's trade balance in 1974?▾

United Kingdom's trade balance in 1974 was $-9.4B. This ranked 1st globally.

How did United Kingdom's trade balance change in 1974?▾

United Kingdom's trade balance decreased by 133.3% in 1974 compared to 1973.

Which country had the highest trade balance in 1974?▾

Saudi Arabia had the highest trade balance in 1974 at $22.6B.

What is the trade balance of United Kingdom in 1974?▾

The trade balance of United Kingdom in 1974 was $-9.4B. This ranked 1st globally.

How does 1974 compare to 1973 for United Kingdom's trade balance?▾

United Kingdom's trade balance went from $-4.0B in 1973 to $-9.4B in 1974, a 133.3% decrease.

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