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United States - Trade Balance 1998

Name: United States Trade Balance 1998
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$-162.7B −$60.7B from 1997 Global rank: 1st

United States's trade balance was $-162.7B in 1998, decreased +$60.7B from $-102.0B in 1997. This was the 1st highest globally.

Global Ranking - 1998▾

Trade Balance by Country - 1998
Rank	Country	Value	YoY
1st	United States	$-162.7B	-59.6%
2nd	Brazil	$-20.5B	10.9%
3rd	Greece	$-13.3B	-43.0%
4th	Portugal	$-11.4B	-21.4%
5th	Mexico	$-8.9B	-8,879.0%
6th	Poland	$-8.5B	-36.8%
7th	United Kingdom	$-8.3B	-198.8%
8th	Egypt, Arab Republic of	$-8.1B	-69.7%
9th	Argentina	$-7.5B	-16.1%
10th	India	$-7.0B	-36.1%
11th	Colombia	$-5.8B	8.0%
12th	Lebanon	$-4.7B	9.8%
13th	Iran, Islamic Republic of	$-4.3B	-296.1%
14th	Israel	$-3.7B	37.6%
15th	Australia	$-3.5B	-393.7%
16th	Philippines	$-3.3B	49.9%
17th	Slovak Republic	$-3.3B	-14.8%
18th	Romania	$-3.3B	-34.4%
19th	Peru	$-3.1B	-17.3%
20th	Bosnia and Herzegovina	$-2.9B	-77.2%
21st	Chile	$-2.9B	-44.8%
22nd	Spain	$-2.7B	-320.3%
23rd	Bangladesh	$-2.2B	14.4%
24th	West Bank and Gaza	$-2.2B	-2.6%
25th	Ecuador	$-2.1B	-288.4%
26th	Viet Nam	$-2.0B	9.0%
27th	Kuwait	$-1.9B	-146.6%
28th	Croatia	$-1.7B	43.8%
29th	Morocco	$-1.7B	-29.0%
30th	Dominican Republic	$-1.6B	-108.4%
31st	Guatemala	$-1.6B	-56.2%
32nd	Jordan	$-1.5B	4.4%
33rd	Azerbaijan	$-1.4B	-48.8%
34th	El Salvador	$-1.3B	-12.4%
35th	Lithuania	$-1.3B	-25.5%
36th	Yemen, Republic of	$-1.2B	-138.8%
37th	Kenya	$-1.2B	-5.9%
38th	North Macedonia	$-1.1B	-16.4%
39th	Oman	$-1.1B	-137.4%
40th	Bolivia, Plurinational State of	$-1.1B	-67.5%
41st	Mozambique	$-1.1B	0.2%
42nd	Cuba	$-1.0B	-39.6%
43rd	Kazakhstan	$-999.6M	-78.5%
44th	Ghana	$-962.0M	32.2%
45th	Turkmenistan	$-960.7M	-52.8%
46th	Sudan	$-953.0M	-13.8%
47th	Ukraine	$-952.4M	37.9%
48th	Sri Lanka	$-946.8M	11.2%
49th	Serbia	$-939.5M	51.3%
50th	French Polynesia	$-930.4M	-19.2%
51st	Latvia	$-865.7M	-46.7%
52nd	Nicaragua	$-850.3M	-1.1%
53rd	Hungary	$-755.9M	-259.8%
54th	Georgia	$-746.2M	19.9%
55th	Belarus	$-739.1M	9.7%
56th	New Caledonia	$-722.4M	-87.2%
57th	Tanzania	$-722.2M	0.8%
58th	Senegal	$-711.0M	-11.3%
59th	Uruguay	$-710.9M	-6.3%
60th	Uganda	$-708.9M	-52.0%
61st	Pakistan	$-648.1M	77.9%
62nd	Albania	$-641.7M	-13.5%
63rd	Tunisia	$-641.0M	-36.0%
64th	Armenia	$-640.8M	-2.8%
65th	Haiti	$-622.6M	-16.6%
66th	Bahamas, The	$-574.8M	-51.9%
67th	Costa Rica	$-562.7M	-1.5%
68th	Estonia	$-543.0M	-2.4%
69th	Nepal	$-537.4M	4.0%
70th	Austria	$-491.3M	71.5%
71st	Eritrea	$-486.5M	-26.1%
72nd	Panama	$-457.8M	-245.6%
73rd	Moldova	$-454.6M	-11.3%
74th	Burkina Faso	$-429.8M	-11.2%
75th	Libya	$-412.8M	-127.2%
76th	Cambodia	$-410.1M	-1.8%
77th	Slovenia	$-374.7M	-58.6%
78th	Iceland	$-369.6M	-1,155.1%
79th	Namibia	$-363.7M	-16.0%
80th	Kyrgyz Republic	$-354.6M	-153.8%
81st	Rwanda	$-350.6M	-5.9%
82nd	Brunei Darussalam	$-280.8M	-312.9%
83rd	Mali	$-272.0M	-7.4%
84th	Honduras	$-267.6M	-138.4%
85th	Malta	$-257.7M	-11.6%
86th	Seychelles	$-254.9M	-14.9%
87th	Zambia	$-248.2M	-63.4%
88th	Togo	$-215.1M	-23.2%
89th	Czechia	$-209.0M	91.9%
90th	Guinea-Bissau	$-208.6M	49.9%
91st	Guinea	$-202.3M	-62.4%
92nd	Madagascar	$-198.4M	-1.5%
93rd	Chad	$-193.2M	-2.3%
94th	Congo, Democratic Republic of	$-192.7M	-184.4%
95th	Cabo Verde	$-189.4M	-24.1%
96th	Niger	$-187.1M	-34.0%
97th	Botswana	$-156.3M	-123.7%
98th	Lao PDR	$-145.4M	52.1%
99th	Micronesia, Federated States of	$-140.0M	3.4%
100th	Benin	$-132.8M	-34.3%
101st	Mongolia	$-131.2M	-307.9%
102nd	Tajikistan	$-121.0M	-94.5%
103rd	Zimbabwe	$-110.5M	81.5%
104th	Guyana	$-85.9M	-16.9%
105th	Tonga	$-74.9M	-15.6%
106th	Marshall Islands	$-70.0M	-14.1%
107th	Aruba	$-66.5M	-16.7%
108th	Comoros	$-65.8M	-0.3%
109th	Bhutan	$-61.5M	-64.6%
110th	Syrian Arab Republic	$-55.7M	72.2%
111th	Central African Republic	$-55.5M	-188.6%
112th	Gabon	$-52.1M	-104.1%
113th	Mauritania	$-50.3M	-160.1%
114th	Sierra Leone	$-48.5M	-203.5%
115th	Uzbekistan	$-43.4M	90.1%
116th	Kiribati	$-41.2M	15.1%
117th	Mauritius	$-34.7M	83.0%
118th	Gambia, The	$-27.4M	-38.9%
119th	Vanuatu	$-26.6M	-700.7%
120th	Solomon Islands	$-9.6M	82.3%
121st	Belize	$9.8M	-47.7%
122nd	Faroe Islands	$18.7M	1,471.1%
123rd	Algeria	$30.0M	-99.3%
124th	Bahrain	$44.4M	-92.7%
125th	Congo, Republic of	$71.2M	-80.1%
126th	Côte d'Ivoire	$140.3M	-66.5%
127th	Cameroon	$188.0M	-63.9%
128th	Papua New Guinea	$197.9M	548.9%
129th	Cyprus	$254.7M	291.7%
130th	Paraguay	$710.6M	609.4%
131st	New Zealand	$752.7M	-18.3%
132nd	Hong Kong SAR, China	$905.4M	115.2%
133rd	Bulgaria	$1.0B	-28.4%
134th	Qatar	$1.1B	-16.6%
135th	South Africa	$1.5B	-11.0%
136th	Macao SAR, China	$1.6B	-10.8%
137th	Türkiye	$2.6B	733.4%
138th	Norway	$2.9B	-77.2%
139th	Luxembourg	$3.8B	-4.7%
140th	Saudi Arabia	$4.7B	-78.6%
141st	Iraq	$4.9B	8.7%
142nd	Denmark	$5.4B	-28.0%
143rd	Puerto Rico (US)	$8.5B	231.1%
144th	Indonesia	$9.3B	1,666.4%
145th	Belgium	$9.4B	-4.1%
146th	Ireland	$9.8B	-1.2%
147th	Finland	$10.6B	13.9%
148th	Switzerland	$11.5B	-14.0%
149th	Canada	$12.5B	-0.8%
150th	Malaysia	$15.9B	1,637.0%
151st	Sweden	$16.1B	-7.5%
152nd	Thailand	$17.8B	732.0%
153rd	Russian Federation	$18.1B	102.6%
154th	Singapore	$18.4B	25.0%
155th	Germany	$26.2B	15.4%
156th	Netherlands	$30.5B	0.8%
157th	Italy	$38.5B	-16.4%
158th	Korea	$40.3B	820.7%
159th	China	$43.8B	2.4%
160th	France	$46.2B	-7.9%
161st	Japan	$71.5B	61.7%

FAQ

What was United States's trade balance in 1998?▾

United States's trade balance in 1998 was $-162.7B. This ranked 1st globally.

How did United States's trade balance change in 1998?▾

United States's trade balance decreased by 59.6% in 1998 compared to 1997.

Which country had the highest trade balance in 1998?▾

Japan had the highest trade balance in 1998 at $71.5B.

What is the trade balance of United States in 1998?▾

The trade balance of United States in 1998 was $-162.7B. This ranked 1st globally.

How does 1998 compare to 1997 for United States's trade balance?▾

United States's trade balance went from $-102.0B in 1997 to $-162.7B in 1998, a 59.6% decrease.

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