Trade balance in OPEC in 2024 — 51,484,240,184 US$. Since 1970, the indicator has risen by 1,598%.
1970–2024 · US$
How the value compares with the world and the groups this territory belongs to: OPEC
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2024 | 51.48B | −168B | −76.57% |
| 2023 | 220B | −224B | −50.51% |
| 2022 | 444B | +220B | +98.66% |
| 2021 | 223B | +208B | +1,340.6% |
| 2020 | 15.51B | −190B | −92.45% |
| 2019 | 206B | −114B | −35.75% |
| 2018 | 320B | +146B | +84.31% |
| 2017 | 174B | +81.2B | +87.92% |
| 2016 | 92.36B | +33.42B | +56.72% |
| 2015 | 58.93B | −285B | −82.85% |
| 2014 | 344B | −85.5B | −19.93% |
| 2013 | 429B | −96.84B | −18.41% |
| 2012 | 526B | +61.8B | +13.32% |
| 2011 | 464B | +205B | +79.42% |
| 2010 | 259B | +152B | +142.38% |
| 2009 | 107B | −250B | −70.09% |
| 2008 | 357B | +87.75B | +32.61% |
| 2007 | 269B | −9.15B | −3.29% |
| 2006 | 278B | +64.33B | +30.08% |
| 2005 | 214B | +93.89B | +78.25% |
| 2004 | 120B | +38.23B | +46.76% |
| 2003 | 81.76B | +23.35B | +39.98% |
| 2002 | 58.41B | +4.81B | +8.97% |
| 2001 | 53.6B | −24.6B | −31.46% |
| 2000 | 78.2B | +42.56B | +119.41% |
| 1999 | 35.64B | +32.64B | +1,087.77% |
| 1998 | 3B | −35.58B | −92.22% |
| 1997 | 38.58B | +2.93B | +8.21% |
| 1996 | 35.65B | +10.55B | +42.02% |
| 1995 | 25.1B | +2.75B | +12.32% |
| 1994 | 22.35B | +18.97B | +560.78% |
| 1993 | 3.38B | +16.26B | +126.27% |
| 1992 | -12.87B | +14.85B | +53.57% |
| 1991 | -27.73B | −33.81B | −555.8% |
| 1990 | 6.08B | +18.11B | +150.59% |
| 1989 | -12.02B | +9.12B | +43.13% |
| 1988 | -21.14B | −14.5B | −218.46% |
| 1987 | -6.64B | +27.08B | +80.31% |
| 1986 | -33.72B | −18.91B | −127.68% |
| 1985 | -14.81B | +1.57B | +9.6% |
| 1984 | -16.38B | +4.39B | +21.15% |
| 1983 | -20.78B | −16.02B | −337.03% |
| 1982 | -4.75B | −50.94B | −110.29% |
| 1981 | 46.19B | −34.89B | −43.03% |
| 1980 | 81.08B | +24.21B | +42.58% |
| 1979 | 56.86B | +48.02B | +543.01% |
| 1978 | 8.84B | −12.84B | −59.22% |
| 1977 | 21.68B | −16.45B | −43.14% |
| 1976 | 38.13B | +2.65B | +7.46% |
| 1975 | 35.49B | −17.33B | −32.81% |
| 1974 | 52.81B | +32.68B | +162.28% |
| 1973 | 20.14B | +12.83B | +175.58% |
| 1972 | 7.31B | +1.48B | +25.31% |
| 1971 | 5.83B | +2.8B | +92.29% |
| 1970 | 3.03B | — | — |
The balance of foreign trade in goods and services: exports minus imports. This is the largest part of the current account but not the whole of it — investment income and remittances do not enter the trade balance, and for countries with large transfers the two indicators move in opposite directions. A surplus is not in itself a sign of a healthy economy: a country importing equipment for construction will run a deficit precisely because it is investing in growth.
Important: Goods and services together. For countries with large service exports — tourism, transport, software — the merchandise balance can be negative while the overall balance is positive.
Source: World Development Indicators (World Bank), license CC BY 4.0.
The value of goods shipped out and of services provided to non-residents, in US dollars.
Trade Imports of goods and servicesThe value of goods brought in and of services received from non-residents.
Finance Current account balance in US dollarsHow much more a country receives from abroad than it pays out there. A minus means it pays more.
Trade Trade opennessExports plus imports as a percent of GDP — total foreign trade turnover.