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Russia in Top Ten for Trade Surplus in 2023
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Russia in Top Ten for Trade Surplus in 2023
Russia in Top Ten for Trade Surplus in 2023
Sputnik International
World Bank data shows 43 countries achieved a trade surplus last year with China topping the list, while 72 were in deficit, with the US ratching up the largest deficit of $1.1 trillion.
2024-07-13T10:43+0000
2024-07-13T10:43+0000
2024-07-13T10:43+0000
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Russia earned $121 billion in trade surplus last year, placing it seventh in the global ranking, according to World Bank data analyzed by Sputnik.Globally, countries exported a net total of $23.3 trillion worth of goods and imported $22.9 trillion, resulting in a trade surplus of $365 billion. In total, 43 countries achieved a trade surplus, with a combined amount of $2.5 trillion.China earned the most from trade, achieving a trade surplus of $594 billion. Next were Germany with a surplus of $245.3 billion and Ireland with net trade earnings of $178 billion, respectively. The top five also included Singapore ($155 billion) and Switzerland ($131 billion). Saudi Arabia ranked sixth with $127 billion.The Netherlands ($97 billion), Australia ($83 billion), and Brazil ($81 billion) rounded out the top ten. Conversely, 72 countries experienced trade deficits, collectively amounting to $2.3 trillion. The United States saw the largest deficit of $1.1 trillion, followed by India with $245 billion, the UK with $232 billion, France with $88 billion, and Turkiye with $87 billion.
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russian economy, trade sulprus, russian economy under sanctions, world bank, what countries in trade sulprus?
russian economy, trade sulprus, russian economy under sanctions, world bank, what countries in trade sulprus?
Russia in Top Ten for Trade Surplus in 2023
World Bank data shows 43 countries achieved a trade surplus last year with China topping the list, while 72 were in deficit, with the US ratching up the largest deficit of $1.1 trillion.
Russia earned $121 billion in trade surplus last year, placing it seventh in the global ranking, according to World Bank data analyzed by Sputnik.
Globally, countries exported a net total of $23.3 trillion worth of goods and imported $22.9 trillion, resulting in a trade surplus of $365 billion.
In total, 43 countries achieved a trade surplus, with a combined amount of $2.5 trillion.
China earned the most from trade, achieving a trade surplus of $594 billion. Next were Germany with a surplus of $245.3 billion and Ireland with net trade earnings of $178 billion, respectively. The top five also included Singapore ($155 billion) and Switzerland ($131 billion). Saudi Arabia ranked sixth with $127 billion.
The Netherlands ($97 billion), Australia ($83 billion), and Brazil ($81 billion) rounded out the top ten.
Conversely, 72 countries experienced trade deficits, collectively amounting to $2.3 trillion.
The United States saw the largest deficit of $1.1 trillion, followed by India with $245 billion, the UK with $232 billion, France with $88 billion, and Turkiye with $87 billion.
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July 13, 2024 at 06:45AM
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