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External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
During the 19th century, the United States generally had a negative trade balance, importing more than it exported, particularly from the British Empire. This changed at the turn of the 20th century, and the U.S. consistently had a positive trade balance between 1896 and 1970. The greatest periods of fluctuation came during the world wars, as well as an observable decline following the Wall Street Crash of 1929.
While inflation rates increased the total value of imports and exports over time, the rate of growth did increase significantly from 1900 onwards. The early 20th century saw the U.S. move away from its traditional isolationist policies (apart from a brief period during the great Depression) and emerge as a global superpower. Following the Second World War, the U.S. used its economic power to maintain its influence across the globe, as it sought to suppress the expansion of communism.
Between 1970 and 1981, Romania's annual current accounts combined to give -7.6 billion U.S. dollars. This balance was achieved through its negative trade balance and accumulated foreign debt, particularly with the west. The 1980s, however, saw Romania reverse this debt through severe austerity measures, which began in 1981; these measures eventually canceled Romania's debt and drove down living standards for Romanian citizens, and were a key factor in the outbreak of the Romanian Revolution in December 1989.
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External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
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Graph and download economic data for Trade Balance: Goods, Balance of Payments Basis (BOPGTB) from Jan 1992 to Jan 2025 about BOP, balance, trade, goods, and USA.
Throughout the 1970s and 1980s, Poland, of all the Eastern Bloc countries, experienced the highest level of financial instability and accumulated the largest national debt. Poland's excessive borrowing and negative trade balance saw its annual current account combine to give 16 billion U.S. dollars worth of debt in the 1970s alone. Although Poland exported much more than it imported in the 1980s, significant debt payments (invisibles) to western countries offset progress throughout the decade. Overall, Poland's current account accumulated at -29.4 billion U.S. dollars between 1970 and 1990, three times larger than the other Eastern European COMECON members' combined figure for this period.
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External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
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Ireland recorded a trade surplus of 13765855 EUR Thousand in January of 2025. This dataset provides the latest reported value for - Ireland Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
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Key information about Ireland's Trade Balance
Throughout the 1970s and 1980s, the Soviet Union generally operated with a positive trade balance and current account. During these decades, the USSR was the most powerful economy in the communist sphere, exporting approximately 600 billion U.S. dollars worth of goods, almost one hundred billion more than all Europe's other COMECON members combined. The majority of the Soviet Union's trade was within the COMECON sphere. However, external influences, particularly conflict in the Middle East and its effect on oil prices, did impact the USSR economically.
Throughout the 1970s and 1980s, the COMECON member states of the Eastern Bloc accumulatively exported over 1.11 trillion U.S. dollars worth of goods and imported approximately 1.08 trillion. The majority of this trade was between the nations represented in the data; although trade with other COMECON members or associated states, the west and developing countries also played a large role (particularly for the Soviet Union). The region operated with a negative trade balance throughout most of the 1970s and a positive balance in the 1980s; however, Poland's considerable debt saw the balance of trade and current accounts deviate in the early eighties.
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Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for France (XTNTVA01FRA664S) from 1970 to 2024 about France, trade, Net, and goods.
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Bahamas BS: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Vietnam data was reported at -0.169 USD mn in 2017. This records a decrease from the previous number of -0.120 USD mn for 2016. Bahamas BS: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Vietnam data is updated yearly, averaging -0.061 USD mn from Dec 1970 (Median) to 2017, with 14 observations. The data reached an all-time high of 0.160 USD mn in 2008 and a record low of -1.460 USD mn in 1970. Bahamas BS: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Vietnam data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Bahamas – Table BS.IMF.DOT: Trade Balance: by Country: Annual.
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Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
Czechoslovakia's economy saw out the 1970s and 1980s with a positive trade balance and current account, making it just one of three Eastern Bloc states (along with Romania and the USSR) to do so. Overall, Czechoslovakia exported approximately 400 million U.S. dollars more goods and services than was imported in these two decades.
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Chad TD: Trade Balance: Emerging and Developing Economies: Sub-Saharan Africa: Congo, Republic of data was reported at 0.001 USD mn in May 2018. This records a decrease from the previous number of 0.004 USD mn for Apr 2018. Chad TD: Trade Balance: Emerging and Developing Economies: Sub-Saharan Africa: Congo, Republic of data is updated monthly, averaging -0.101 USD mn from Jan 1970 (Median) to May 2018, with 290 observations. The data reached an all-time high of 0.030 USD mn in May 2015 and a record low of -1.268 USD mn in Mar 1970. Chad TD: Trade Balance: Emerging and Developing Economies: Sub-Saharan Africa: Congo, Republic of data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Chad – Table TD.IMF.DOT: Trade Balance: by Country: Monthly.
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Varehandelsbalancen i Storbritannien steg til -17450 GBP millioner i december fra -18900 GBP millioner i november 2024. Aktuelle værdier, historiske data, prognoser, statistik, diagrammer og økonomisk kalender - Forenede Kongerige - Varer Handelsbalance.
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External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.