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This is a list of countries by net goods exports, also known as balance of trade, which is the difference between the monetary value of a nation's exports and imports over a certain time period. [1] The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1 .
Exports directly increase and imports directly reduce a nation's balance of trade (i.e. net exports). A trade surplus is a positive net balance of trade, and a trade deficit is a negative net balance of trade.
Because exports generate positive net sales, and because the trade balance is typically the largest component of the current account, a current account surplus is usually associated with positive net exports. In the net factor income or income account, income payments are outflows, and income receipts are inflows.
By an accounting identity, Country A's NCO is always equal to A's Net Exports, because the value of net exports is equal to the amount of capital spent abroad (i.e. outflow) for goods that are imported in A. It is also equal to the net amount of A's currency traded in the foreign exchange market over that time period.
When net exports are positive, the country has a trade surplus. When Net Exports are negative, there is a trade deficit. Government Consumption Expenditures and Gross Investment includes all government expenditures on domestically produced goods and services.
Moreover, some countries are already threatening to retaliate with tariffs on American products, a threat that would hurt sales of American exports. The net result would be less prosperity for ...
World map by current account balance (% of GDP), 2023, according to World Bank [1]. This is the list of countries by current account balance, expressed in current U.S. dollars and as percentage of GDP, based on the data published by World Bank, United Nations Conference on Trade and Development and Organisation for Economic Co-operation and Development.
Exports of goods fell 2.0% to $174.2 billion. They were pulled down by a 6.3% decline in shipments of consumer goods. Exports of industrial supplies also fell as did those of capital goods.