Exports of goods and services (BoP, current US$) - Country Ranking

Definition: Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 China 2,651,010,000,000.00 2018
2 United States 2,501,310,000,000.00 2018
3 Germany 1,869,770,000,000.00 2018
4 Japan 929,360,000,000.00 2018
5 France 905,289,000,000.00 2018
6 United Kingdom 856,785,000,000.00 2018
7 Netherlands 771,027,000,000.00 2018
8 Korea 724,495,000,000.00 2018
9 Hong Kong SAR, China 682,864,000,000.00 2018
10 Italy 655,893,000,000.00 2018
11 Singapore 642,275,000,000.00 2018
12 Canada 544,798,000,000.00 2018
13 India 537,042,000,000.00 2018
14 Russia 507,756,000,000.00 2018
15 Spain 498,368,000,000.00 2018
16 Mexico 479,822,000,000.00 2018
17 Ireland 467,460,000,000.00 2018
18 Switzerland 462,390,000,000.00 2018
19 Belgium 448,420,000,000.00 2018
20 Thailand 332,439,000,000.00 2018
21 Australia 327,265,000,000.00 2018
22 Poland 325,302,000,000.00 2018
23 Saudi Arabia 314,039,000,000.00 2018
24 Brazil 274,977,000,000.00 2018
25 Vietnam 258,488,000,000.00 2018
26 Austria 253,807,000,000.00 2018
27 Sweden 252,646,000,000.00 2018
28 Malaysia 246,469,000,000.00 2018
29 Turkey 223,448,000,000.00 2018
30 Indonesia 208,728,000,000.00 2018
31 Denmark 197,857,000,000.00 2018
32 Czech Republic 192,265,000,000.00 2018
33 Norway 166,330,000,000.00 2018
34 Luxembourg 138,603,000,000.00 2018
35 Hungary 134,189,000,000.00 2018
36 South Africa 110,068,000,000.00 2018
37 Israel 108,772,000,000.00 2018
38 Finland 107,273,000,000.00 2018
39 Portugal 106,138,000,000.00 2018
40 Qatar 102,561,000,000.00 2018
41 Slovak Republic 101,394,000,000.00 2018
42 Romania 100,511,000,000.00 2018
43 Iraq 91,930,700,000.00 2018
44 Philippines 90,397,070,000.00 2018
45 Chile 85,724,980,000.00 2018
46 Kuwait 85,198,900,000.00 2018
47 Greece 81,867,720,000.00 2018
48 Argentina 76,354,480,000.00 2018
49 Nigeria 67,908,010,000.00 2018
50 Kazakhstan 67,083,010,000.00 2018
51 Ukraine 59,135,000,000.00 2018
52 New Zealand 57,435,150,000.00 2018
53 Peru 56,119,050,000.00 2018
54 Colombia 54,012,360,000.00 2018
55 Egypt 51,619,510,000.00 2018
56 Oman 46,185,720,000.00 2018
57 Slovenia 46,138,080,000.00 2018
58 Macao SAR, China 45,484,100,000.00 2018
59 Bangladesh 44,168,810,000.00 2018
60 Lithuania 43,997,610,000.00 2018
61 Bulgaria 43,450,810,000.00 2018
62 Morocco 43,129,390,000.00 2018
63 Belarus 42,247,300,000.00 2018
64 Angola 41,388,890,000.00 2018
65 Algeria 37,571,690,000.00 2017
66 Croatia 31,293,020,000.00 2018
67 Pakistan 30,130,900,000.00 2018
68 Bahrain 30,097,340,000.00 2018
69 Iran 29,727,000,000.00 2000
70 Venezuela 28,684,000,000.00 2016
71 Panama 27,015,710,000.00 2018
72 Azerbaijan 25,484,470,000.00 2018
73 Serbia 25,053,210,000.00 2018
74 Ecuador 24,662,300,000.00 2018
75 Estonia 22,811,750,000.00 2018
76 Ghana 22,514,760,000.00 2018
77 Latvia 21,082,440,000.00 2018
78 Malta 21,054,450,000.00 2018
79 Costa Rica 20,595,600,000.00 2018
80 Sri Lanka 20,263,790,000.00 2018
81 Dominican Republic 20,191,700,000.00 2018
82 Syrian Arab Republic 19,605,790,000.00 2010
83 Tunisia 19,418,050,000.00 2018
84 Lebanon 19,140,170,000.00 2018
85 Cambodia 18,413,940,000.00 2018
86 Cyprus 18,226,270,000.00 2018
87 Uruguay 16,397,230,000.00 2018
88 Dem. Rep. Congo 16,081,640,000.00 2018
89 Myanmar 15,764,690,000.00 2018
90 Jordan 15,053,380,000.00 2018
91 Paraguay 14,446,190,000.00 2018
92 Uzbekistan 14,135,140,000.00 2018
93 Guatemala 13,951,800,000.00 2018
94 Côte d'Ivoire 12,824,080,000.00 2017
95 Iceland 12,242,520,000.00 2018
96 Trinidad and Tobago 11,119,850,000.00 2018
97 Kenya 10,439,800,000.00 2017
98 Bolivia 10,344,780,000.00 2018
99 Papua New Guinea 10,251,200,000.00 2017
100 Zambia 9,982,666,000.00 2018
101 Georgia 8,896,617,000.00 2018
102 Bosnia and Herzegovina 8,494,426,000.00 2018
103 Tanzania 8,394,257,000.00 2018
104 Mongolia 7,713,996,000.00 2018
105 Ethiopia 7,624,331,000.00 2018
106 North Macedonia 7,601,729,000.00 2018
107 El Salvador 7,532,557,000.00 2018
108 Botswana 7,341,142,000.00 2018
109 Cameroon 7,301,067,000.00 2018
110 Honduras 7,284,137,000.00 2018
111 Brunei 7,040,938,000.00 2018
112 Libya 6,849,600,000.00 2016
113 Lao PDR 6,216,139,000.00 2018
114 Mozambique 5,974,759,000.00 2018
115 Jamaica 5,805,991,000.00 2018
116 Uganda 5,607,062,000.00 2018
117 Mauritius 5,557,962,000.00 2018
118 Nicaragua 5,511,500,000.00 2018
119 Gabon 5,389,960,000.00 2015
120 Sudan 4,995,707,000.00 2018
121 Namibia 4,964,610,000.00 2018
122 Albania 4,784,712,000.00 2018
123 Zimbabwe 4,714,986,000.00 2017
124 Armenia 4,700,349,000.00 2018
125 Congo 4,596,399,000.00 2016
126 Senegal 4,581,933,000.00 2017
127 The Bahamas 4,379,469,000.00 2018
128 Madagascar 4,346,348,000.00 2018
129 Guinea 4,082,070,000.00 2018
130 Cayman Islands 3,936,708,000.00 2017
131 Burkina Faso 3,721,949,000.00 2017
132 Moldova 3,451,540,000.00 2018
133 Mali 3,404,923,000.00 2017
134 Nepal 2,677,908,000.00 2018
135 Fiji 2,669,314,000.00 2018
136 Kyrgyz Republic 2,600,153,000.00 2018
137 Benin 2,548,826,000.00 2017
138 Montenegro 2,346,272,000.00 2018
139 Barbados 2,320,126,000.00 2013
140 Suriname 2,275,259,000.00 2018
141 Mauritania 2,061,792,000.00 2018
142 Rwanda 2,039,177,000.00 2018
143 Eswatini 1,898,294,000.00 2018
144 New Caledonia 1,875,157,000.00 2016
145 Haiti 1,778,381,000.00 2018
146 Seychelles 1,724,977,000.00 2018
147 Afghanistan 1,611,540,000.00 2018
148 Guyana 1,597,207,000.00 2018
149 Togo 1,584,672,000.00 2017
150 Niger 1,428,994,000.00 2017
151 Lesotho 1,252,817,000.00 2018
152 St. Lucia 1,216,914,000.00 2018
153 Antigua and Barbuda 1,151,693,000.00 2018
154 Malawi 1,118,421,000.00 2018
155 Tajikistan 1,116,259,000.00 2018
156 Belize 1,077,282,000.00 2018
157 Cabo Verde 977,899,700.00 2018
158 Yemen 938,468,600.00 2016
159 Bhutan 778,576,100.00 2018
160 Sierra Leone 755,446,200.00 2018
161 Solomon Islands 678,051,300.00 2018
162 Grenada 649,764,000.00 2018
163 St. Kitts and Nevis 605,224,100.00 2018
164 Djibouti 560,775,400.00 2017
165 Liberia 527,345,200.00 2018
166 Vanuatu 517,155,700.00 2018
167 Guinea-Bissau 380,242,000.00 2018
168 The Gambia 348,046,000.00 2018
169 St. Vincent and the Grenadines 315,982,000.00 2018
170 Samoa 305,718,900.00 2018
171 Burundi 285,105,500.00 2018
172 Chad 190,093,900.00 1994
173 Equatorial Guinea 180,192,700.00 1996
174 Central African Republic 179,033,100.00 1994
175 Dominica 161,953,900.00 2018
176 Comoros 152,076,600.00 2018
177 Palau 142,588,300.00 2017
178 Timor-Leste 121,872,100.00 2018
179 Tonga 104,818,100.00 2018
180 São Tomé and Principe 98,232,690.00 2018
181 Eritrea 97,718,690.00 2000
182 Nauru 31,101,110.00 2018
183 Kiribati 29,442,470.00 2017
184 Tuvalu 20,567,990.00 2013

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Development Relevance: The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance. A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

Limitations and Exceptions: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

Statistical Concept and Methodology: The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions. The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives. The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).

Aggregation method: Gap-filled total

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.