Which country in the world has the largest trade surplus?

In 2020, China was the country with the highest trade surplus with approximately 535.37 billion U.S. dollars.

1. How many countries have a trade surplus?
2. Which country has the largest trade deficit in the world?
3. Which country has trade surplus with China?
4. What is China's current account surplus?
5. Which country has the biggest current account deficit 2021?
6. How many countries does Russia trade with?
7. How much money does the US owe China?
8. What 5 countries do we import the most from?
9. Is China America's biggest trading partner?

How many countries have a trade surplus?

If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus.

Which country has the largest trade deficit in the world?

The United States has the largest trade deficit in the world. In 2018, the trade deficit of this nation was $621 billion. While the country brought in over $3 trillion in imports, the amount of exports was just $2.5 trillion. The largest exports of the United States were cars, food, and commercial aircraft.

Which country has trade surplus with China?

China's trade surplus with the US rose by 50% yoy to USD 32.09 billion. Meantime, total trade with Russia grew 27.8% to USD 38.18 billion in Q1, while those with Ukraine increased 10.6%. Considering the first three months of the year, the goods posted a surplus of USD 162.9 billion.

What is China's current account surplus?

The country reported a current-account surplus of $315.7 billion in 2021, accounting for 1.8 percent of its gross domestic product for the year, said Wang Chunying, spokesperson with the administration. The trade in goods posted a surplus of $554.5 billion, up 8 percent from the previous year.

Which country has the biggest current account deficit 2021?

In absolute terms, the United States of America (US$616 billion) and the United Kingdom (US$95 billion) ran the world's largest current account deficits. China (US$274 billion) had the largest absolute surplus, followed by Germany (US$266 billion) and Japan (US$164 billion).

How many countries does Russia trade with?

Russia's leading five export partners in 2020 were China, the Netherlands, United Kingdom, Germany, and Belarus. The value of total exports from Russia to its major trade partner - China amounted to nearly 49 billion U.S. dollars in 2020.

How much money does the US owe China?

How Much Money Does the U.S. Owe China? The United States owes China approximately $1.06 trillion as of January 2022.

What 5 countries do we import the most from?

The United States imports half of its total volume from five countries: China, Canada, Mexico, Japan, and Germany. Although the United States can manufacture goods it imports, these exporting countries have the comparative advantage over it.

Is China America's biggest trading partner?

China is currently our largest goods trading partner with $559.2 billion in total (two way) goods trade during 2020. Goods exports totaled $124.5 billion; goods imports totaled $434.7 billion. The U.S. goods trade deficit with China was $310.3 billion in 2020.