Русский
The World Bank has compiled a list of countries by the level of trade surplus by the end of 2023. In total, US$23.3 trillion worth of goods were exported worldwide, and US$22.9 trillion worth of goods were imported. The total surplus amounted to US$365 billion.
In terms of the countries with the highest positive trade surplus (more export earnings than import expenses), the first place went to China, with a 2023 US$594 billion surplus. Germany was second, with US$245.3 billion and Ireland third with a net profit of US$178 billion.
Russia took the seventh place in this list. By the end of 2023, it earned US$121 billion more from its exports than the money it spent on imports. Western sanctions, which limited the supply of Russian products to EU countries, have had little effect on Russia’s export earning capabilities. Other economies with major trade surplus’ were other energy-driven economies: Saudi Arabia, the UAE, Qatar, Kuwait and Norway.
The number of countries with trade deficits has also increased, reaching 72 countries who spend more on imports than they earn on exports. Number one is the United States, which imported US$1.1 trillion more goods than they sold. India was second in terms of deficit, reaching a negative of US$245 billion – less than 25% of the US total – but with a consumer population over one billion higher. European Union economies were also significant consumers of more than they earned.
