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Number of U.S. trade surpluses at 127 nations, highest since 1998

February 21st, 2008

Second of Four Articles: A Look at the Top Countries

En route to a record $3.1 trillion in international trade in 2007, the United States registered a trade surplus with 127 nations, the greatest total since 1998, and a deficit with only 106, the lowest total since 1999.

As is a virtual annual rite of passage, the United States broke the previous year’s records for total trade, total exports and total imports, according to WorldCity analysis of U.S. Census data. But, for only the second time in the last 15 years, the United States did not break the previous year’s record for the trade deficit. The other year the deficit declined was 2001.

Given the similarities between the economic conditions in 2001 and in 2007, the price the United States must pay, it seems, for a reduced deficit, is a slowing economy. In the case of the 2007 statistics, a weakened U.S. dollar against most of the world’s currencies is also cited as a reason for export strength relative to import strength.

This is the second of four articles about U.S. trade in 2007. The first focused on specific Customs districts. The remaining two will look at specific export commodities and specific import commodities. Charts for this story appear at the bottom of the text.

The sluggish U.S. economy and the weakened dollar did not slow China’s imports into the United States or the growth in the U.S. deficit with the Asian nation. While 163 nations of the world saw their balance of trade whether in surplus or deficit shift toward the United States, the U.S. deficit with China continued to grow in 2007, rising from $233 billion in 2006 to $256 billion in 2007.

In fact, the U.S. deficit with China is three times greater than the second-largest U.S. deficit, which is with Japan. Mexico is now No. 3, registering a $74.3 billion deficit, a $10 billion increase, enough to surpass Canada in 2007. The U.S. deficit with Canada is $64.7 billion.

The United States has had its largest deficit with China since 2000, when it surpassed Japan for the first time.

Almost 85 percent of the United States’ $791 billion deficit in 2007 was with just 11 nations, the other seven being Germany, Nigeria, Venezuela, Saudi Arabia, Ireland, Malaysia and Italy. And the U.S. deficit increased with seven of the 11, the exceptions being Japan, Canada, Germany and Malaysia.

In terms of overall, two-way trade, Canada remained the United States No. 1 trade partner, with No. 2 China a distant second. Until 2006, Mexico had been No. 2. It is now No. 3, followed by Japan and Germany.

In 2007, Canada did relinquish to China its long-time hold on the No. 1 ranking for imports into the United States. China’s imports topped $321 billion in 2007, up 11.7 percent, while Canada’s ended the year at $313 billion, up 3.5 percent. The U.S. average for imports was an increase of 5.4 percent, a percentage that has now fallen four straight years. In fact, the 5.4 percent increase is the lowest increase since 2001, when imports declined for the only time in the last 15 years.

Canada is the United States’ No. 1 export partner, and the total of U.S. exports fell just shy of $250 billion in 2007. Mexico is a distant No. 2 at $137 billion. China is now No. 3, having surpassed Japan in 2007, finishing the year with $65 billion.

Among the fastest-growing top trade partners are India and Vietnam, with 30.5 percent and 29.7 percent increases in total trade. With both nations, their purchase of U.S. exports surged more than 70 percent in 2007 and their imports grew 10.1 percent and 24.1 percent respectively. The United States has a deficit with both.

2007	2006	Total Trade	2007	2006	Dollar Change	Percent Change
		World Total	$3,116,407,094,020	$2,890,573,125,710	$225,833,968,310	7.81%
1	1	Canada	$561,548,042,891	$533,093,872,856	$28,454,170,035	5.34%
2	2	China	$386,746,094,878	$342,960,059,932	$43,786,034,946	12.77%
3	3	Mexico	$347,340,282,687	$332,231,968,348	$15,108,314,339	4.55%
4	4	Japan	$208,128,623,349	$207,793,489,138	$335,134,211	0.16%
5	5	Germany	$144,016,477,654	$130,401,144,259	$13,615,333,395	10.44%
6	6	United Kingdom	$107,189,108,386	$98,923,125,017	$8,265,983,369	8.36%
7	7	South Korea	$82,269,287,263	$78,245,147,068	$4,024,140,195	5.14%
8	9	France	$68,996,096,296	$61,257,038,274	$7,739,058,022	12.63%
9	8	Taiwan	$64,660,430,895	$61,258,531,746	$3,401,899,149	5.55%
10	11	Netherlands	$51,406,416,549	$48,471,498,234	$2,934,918,315	6.05%
11	13	Brazil	$50,264,386,766	$45,597,719,592	$4,666,667,174	10.23%
12	12	Venezuela	$50,096,009,558	$46,136,150,108	$3,959,859,450	8.58%
13	14	Italy	$49,183,104,961	$45,201,112,726	$3,981,992,235	8.81%
14	16	Saudi Arabia	$46,025,643,814	$39,328,561,063	$6,697,082,751	17.03%
15	15	Singapore	$44,679,788,524	$42,451,835,586	$2,227,952,938	5.25%
16	10	Malaysia	$44,469,752,011	$49,077,410,139	$(4,607,658,128)	-9.39%
17	19	India	$41,616,848,872	$31,887,000,627	$9,729,848,245	30.51%
18	18	Belgium	$40,574,599,339	$35,745,404,853	$4,829,194,486	13.51%
19	17	Ireland	$39,357,226,310	$37,041,846,187	$2,315,380,123	6.25%
20	22	Nigeria	$35,556,905,216	$30,096,585,316	$5,460,319,900	18.14%
21	21	Israel	$33,830,960,263	$30,131,575,305	$3,699,384,958	12.28%
22	23	Switzerland	$31,808,774,583	$28,604,906,635	$3,203,867,948	11.20%
23	20	Thailand	$31,197,785,434	$30,612,984,331	$584,801,103	1.91%
24	24	Australia	$27,821,433,046	$25,983,331,663	$1,838,101,383	7.07%
25	25	Hong Kong	$27,150,987,333	$25,722,275,777	$1,428,711,556	5.55%
26	26	Russia	$26,725,584,165	$24,529,372,979	$2,196,211,186	8.95%
27	29	Spain	$20,409,319,899	$17,204,736,198	$3,204,583,701	18.63%
28	30	Algeria	$19,468,562,886	$16,557,832,576	$2,910,730,310	17.58%
29	31	Indonesia	$18,538,800,944	$16,503,193,566	$2,035,607,378	12.33%
30	33	Colombia	$17,999,746,520	$15,974,287,788	$2,025,458,732	12.68%
31	27	Sweden	$17,540,310,457	$17,996,336,595	$(456,026,138)	-2.53%
32	32	Chile	$17,313,774,276	$16,351,102,504	$962,671,772	5.89%
33	28	Philippines	$17,120,101,836	$17,311,274,312	$(191,172,476)	-1.10%
34	37	South Africa	$14,592,395,711	$11,962,451,014	$2,629,944,697	21.98%
35	38	Austria	$13,841,782,005	$11,290,630,507	$2,551,151,498	22.60%
36	34	Angola	$13,787,707,050	$13,269,291,408	$518,415,642	3.91%
37	35	Iraq	$12,981,352,627	$13,036,440,877	$(55,088,250)	-0.42%
38	36	United Arab Emirates	$12,948,794,390	$13,033,773,147	$(84,978,757)	-0.65%
39	43	Vietnam	$12,535,627,854	$9,666,947,309	$2,868,680,545	29.68%
40	39	Turkey	$11,186,191,244	$11,082,502,844	$103,688,400	0.94%
41	40	Trinidad and Tobago	$10,573,325,221	$9,976,987,074	$596,338,147	5.98%
42	44	Norway	$10,371,598,002	$9,479,275,341	$892,322,661	9.41%
43	46	Argentina	$10,349,278,994	$8,754,916,232	$1,594,362,762	18.21%
44	41	Dominican Republic	$10,310,260,822	$9,882,918,088	$427,342,734	4.32%
45	45	Peru	$9,326,384,987	$8,807,225,302	$519,159,685	5.89%
46	42	Ecuador	$9,072,864,875	$9,821,046,553	$(748,181,678)	-7.62%
47	48	Denmark	$8,993,483,193	$7,808,582,848	$1,184,900,345	15.17%
48	47	Costa Rica	$8,523,593,086	$7,976,523,552	$547,069,534	6.86%
49	49	Finland	$8,404,200,341	$7,621,663,766	$782,536,575	10.27%
50	50	Honduras	$8,373,046,699	$7,404,563,032	$968,483,667	13.08%
51	52	Egypt	$7,726,600,081	$6,528,562,238	$1,198,037,843	18.35%
52	51	Guatemala	$7,108,165,190	$6,613,702,905	$494,462,285	7.48%
53	53	Kuwait	$6,603,699,668	$6,067,811,210	$535,888,458	8.83%
54	54	New Zealand	$5,928,833,510	$6,045,046,795	$(116,213,285)	-1.92%
55	55	Pakistan	$5,612,136,667	$5,661,349,034	$(49,212,367)	-0.87%
56	56	Portugal	$5,548,866,339	$4,530,604,213	$1,018,262,126	22.48%
57	57	Poland	$5,347,665,878	$4,213,331,557	$1,134,334,321	26.92%
58	58	El Salvador	$4,357,034,519	$4,008,914,427	$348,120,092	8.68%
59	64	Panama	$4,105,492,430	$3,079,720,267	$1,025,772,163	33.31%
60	59	Hungary	$4,095,511,106	$3,771,966,612	$323,544,494	8.58%
61	65	Libya	$3,895,726,183	$2,907,060,013	$988,666,170	34.01%
62	60	Bangladesh	$3,889,651,348	$3,604,347,343	$285,304,005	7.92%
63	61	Czech Republic	$3,693,154,459	$3,471,752,602	$221,401,857	6.38%
64	62	Aruba	$3,523,951,251	$3,355,584,768	$168,366,483	5.02%
65	69	Greece	$3,303,900,640	$2,520,384,099	$783,516,541	31.09%
66	81	Qatar	$3,240,873,468	$1,540,370,692	$1,700,502,776	110.40%
67	63	Congo (Brazzaville)	$3,210,684,645	$3,235,201,721	$(24,517,076)	-0.76%
68	68	Jamaica	$3,046,451,306	$2,563,796,845	$482,654,461	18.83%
69	66	Bahamas	$2,976,837,235	$2,734,967,697	$241,869,538	8.84%
70	67	Netherlands Antilles	$2,863,650,298	$2,604,367,549	$259,282,749	9.96%
71	82	Gabon	$2,659,463,982	$1,496,502,605	$1,162,961,377	77.71%
72	74	Cambodia	$2,602,190,550	$2,262,870,075	$339,320,475	15.00%
73	70	Ukraine	$2,562,173,060	$2,396,231,607	$165,941,453	6.93%
74	73	Nicaragua	$2,493,956,835	$2,277,569,372	$216,387,463	9.50%
75	71	Sri Lanka	$2,292,871,680	$2,382,174,250	$(89,302,570)	-3.75%
76	77	Slovakia	$2,242,157,909	$1,915,411,867	$326,746,042	17.06%
77	76	Chad	$2,216,466,132	$1,979,276,542	$237,189,590	11.98%
78	75	Jordan	$2,190,366,273	$2,072,401,807	$117,964,466	5.69%
79	78	Oman	$2,100,080,040	$1,737,316,351	$362,763,689	20.88%
80	92	Azerbaijan	$2,064,981,051	$947,240,203	$1,117,740,848	118.00%
81	72	Equatorial Guinea	$2,013,330,665	$2,284,466,685	$(271,136,020)	-11.87%
82	80	Kazakhstan	$2,004,596,546	$1,606,803,438	$397,793,108	24.76%
83	84	Morocco	$1,952,950,362	$1,399,768,440	$553,181,922	39.52%
84	79	Romania	$1,734,584,039	$1,672,966,510	$61,617,529	3.68%
85	87	Luxembourg	$1,529,572,118	$1,115,411,138	$414,160,980	37.13%
86	83	Macao	$1,321,575,336	$1,430,102,594	$(108,527,258)	-7.59%
87	91	Paraguay	$1,304,696,986	$968,807,225	$335,889,761	34.67%
88	88	Bahrain	$1,217,589,486	$1,106,883,869	$110,705,617	10.00%
89	85	Haiti	$1,198,505,604	$1,313,478,292	$(114,972,688)	-8.75%
90	86	Lithuania	$1,175,832,889	$1,136,748,468	$39,084,421	3.44%
91	102	Belarus	$1,134,640,980	$613,640,390	$521,000,590	84.90%
92	90	Uruguay	$1,132,286,217	$994,543,031	$137,743,186	13.85%
93	99	Republic of Yemen	$934,018,418	$702,292,594	$231,725,824	33.00%
94	89	Lebanon	$931,242,913	$1,019,797,455	$(88,554,542)	-8.68%
95	93	Kenya	$909,646,491	$879,748,551	$29,897,940	3.40%
96	95	Tunisia	$860,718,521	$833,239,584	$27,478,937	3.30%
97	104	Iceland	$835,364,441	$593,325,761	$242,038,680	40.79%
98	98	Slovenia	$785,246,704	$722,286,800	$62,959,904	8.72%
99	94	Cote d'Ivoire	$761,817,875	$849,104,683	$(87,286,808)	-10.28%
100	96	Bulgaria	$732,265,213	$751,156,166	$(18,890,953)	-2.51%
101	106	Latvia	$715,391,270	$544,352,120	$171,039,150	31.42%
102	100	Bermuda	$683,786,966	$653,738,962	$30,048,004	4.60%
103	101	Cayman Islands	$661,665,798	$646,559,179	$15,106,619	2.34%
104	105	Bolivia	$640,366,258	$577,619,996	$62,746,262	10.86%
105	109	Ghana	$614,554,367	$481,659,649	$132,894,718	27.59%
106	124	Gibraltar	$597,111,458	$287,050,847	$310,060,611	108.02%
107	108	Croatia	$579,536,611	$499,735,184	$79,801,427	15.97%
108	111	Afghanistan	$563,401,326	$462,687,547	$100,713,779	21.77%
109	118	Georgia	$552,991,686	$368,842,722	$184,148,964	49.93%
110	103	Brunei	$544,198,999	$598,111,696	$(53,912,697)	-9.01%
111	97	Estonia	$538,272,209	$747,670,582	$(209,398,373)	-28.01%
112	107	Malta	$535,955,918	$533,261,020	$2,694,898	0.51%
113	110	Barbados	$494,449,036	$476,344,715	$18,104,321	3.80%
114	112	Syria	$471,959,724	$438,104,736	$33,854,988	7.73%
115	114	Lesotho	$450,573,651	$412,476,042	$38,097,609	9.24%
116	119	Cuba	$447,327,224	$340,614,332	$106,712,892	31.33%
117	113	Suriname	$435,525,505	$423,338,134	$12,187,371	2.88%
118	115	Cameroon	$430,176,786	$393,354,898	$36,821,888	9.36%
119	150	Unidentified Countries	$428,171,064	$124,385,407	$303,785,657	244.23%
120	117	Turks and Caicos Islands	$408,642,865	$377,751,822	$30,891,043	8.18%
121	136	Turkmenistan	$403,415,483	$189,055,103	$214,360,380	113.39%
122	121	Madagascar	$369,929,975	$325,871,904	$44,058,071	13.52%
123	129	Namibia	$347,677,118	$242,731,489	$104,945,629	43.24%
124	116	Belize	$339,426,063	$385,648,490	$(46,222,427)	-11.99%
125	143	Congo (Kinshasa)	$319,357,843	$155,829,618	$163,528,225	104.94%
126	128	Iran	$318,802,168	$243,105,867	$75,696,301	31.14%
127	122	Guyana	$311,419,676	$304,737,069	$6,682,607	2.19%
128	120	Liechtenstein	$300,783,957	$340,143,661	$(39,359,704)	-11.57%
129	153	Benin	$294,486,792	$116,046,181	$178,440,611	153.77%
130	154	Togo	$292,632,965	$111,982,170	$180,650,795	161.32%
131	133	Uzbekistan	$253,670,566	$205,367,052	$48,303,514	23.52%
132	134	Antigua and Barbuda	$249,131,671	$199,377,091	$49,754,580	24.96%
133	125	Botswana	$241,311,388	$278,985,717	$(37,674,329)	-13.50%
134	126	Mauritius	$237,399,933	$254,443,621	$(17,043,688)	-6.70%
135	135	Tanzania	$220,207,794	$195,250,890	$24,956,904	12.78%
136	130	British Virgin Islands	$219,300,033	$242,633,107	$(23,333,074)	-9.62%
137	166	Martinique	$201,589,637	$73,924,229	$127,665,408	172.70%
138	137	St Lucia	$198,822,716	$179,154,799	$19,667,917	10.98%
139	132	Liberia	$191,072,610	$207,774,463	$(16,701,853)	-8.04%
140	141	French Polynesia	$186,640,158	$166,256,487	$20,383,671	12.26%
141	123	Cyprus	$185,750,729	$291,590,087	$(105,839,358)	-36.30%
142	138	Fiji	$182,765,124	$178,349,875	$4,415,249	2.48%
143	144	Zimbabwe	$176,998,986	$150,881,469	$26,117,517	17.31%
144	148	Papua New Guinea	$174,404,455	$127,461,758	$46,942,697	36.83%
145	140	Swaziland	$174,322,144	$167,966,187	$6,355,957	3.78%
146	142	Guinea	$172,483,529	$158,681,118	$13,802,411	8.70%
147	151	Senegal	$171,630,126	$117,601,038	$54,029,088	45.94%
148	245	Serbia	$167,855,584	$-	$167,855,584
149	146	Ethiopia	$167,635,249	$137,266,509	$30,368,740	22.12%
150	139	St Kitts and Nevis	$164,256,002	$177,285,349	$(13,029,347)	-7.35%
151	169	Guadeloupe	$144,102,162	$67,492,586	$76,609,576	113.51%
152	149	Armenia	$143,455,129	$126,856,278	$16,598,851	13.08%
153	157	New Caledonia	$137,182,726	$94,232,527	$42,950,199	45.58%
154	161	Mozambique	$120,305,795	$79,921,346	$40,384,449	50.53%
155	152	Nepal	$118,698,806	$116,069,688	$2,629,118	2.27%
156	160	Zambia	$118,174,860	$80,081,876	$38,092,984	47.57%
157	155	Malawi	$110,637,520	$105,194,000	$5,443,520	5.17%
158	147	Mongolia	$109,585,106	$136,920,663	$(27,335,557)	-19.96%
159	167	Uganda	$107,055,436	$72,338,881	$34,716,555	47.99%
160	172	Macedonia (Skopje)	$106,282,949	$64,654,894	$41,628,055	64.39%
161	165	Sierra Leone	$103,532,168	$75,379,944	$28,152,224	37.35%
162	145	Mauritania	$103,379,885	$141,312,419	$(37,932,534)	-26.84%
163	178	Anguilla	$97,226,220	$47,328,326	$49,897,894	105.43%
164	162	Grenada	$91,470,339	$78,645,582	$12,824,757	16.31%
165	159	Ethiopia	$88,235,597	$81,120,441	$7,115,156	8.77%
166	168	Dominica	$85,551,476	$71,146,481	$14,404,995	20.25%
167	127	Niger	$78,865,922	$252,921,254	$(174,055,332)	-68.82%
168	170	Moldova	$75,835,284	$67,333,747	$8,501,537	12.63%
169	158	Sudan	$74,417,534	$83,132,761	$(8,715,227)	-10.48%
170	173	St Vincent and the Grenadines	$70,208,226	$60,350,616	$9,857,610	16.33%
171	171	Monaco	$64,167,323	$65,099,539	$(932,216)	-1.43%
172	176	Djibouti	$63,439,406	$50,923,792	$12,515,614	24.58%
173	177	Tokelau	$63,426,133	$49,785,360	$13,640,773	27.40%
174	156	Tajikistan	$52,989,249	$103,778,440	$(50,789,191)	-48.94%
175	241	Montenegro	$50,670,078	$-	$50,670,078
176	164	Kyrgyzstan	$50,334,023	$75,498,953	$(25,164,930)	-33.33%
177	163	Bosnia-Hercegovina	$45,059,682	$77,230,963	$(32,171,281)	-41.66%
178	174	Albania	$43,489,054	$51,576,868	$(8,087,814)	-15.68%
179	180	Federated States of Micronesia	$41,894,099	$30,470,418	$11,423,681	37.49%
180	175	Mali	$41,613,167	$51,169,893	$(9,556,726)	-18.68%
181	189	Burkina	$34,605,882	$19,124,039	$15,481,843	80.95%
182	181	Marshall Islands	$34,580,284	$29,927,427	$4,652,857	15.55%
183	191	Laos	$33,356,797	$15,656,082	$17,700,715	113.06%
184	179	French Guiana	$31,754,013	$33,760,792	$(2,006,779)	-5.94%
185	185	Rwanda	$28,725,268	$20,538,159	$8,187,109	39.86%
186	202	Vanuatu	$24,833,263	$11,318,193	$13,515,070	119.41%
187	182	Central African Republic	$22,623,315	$29,384,006	$(6,760,691)	-23.01%
188	183	Western Samoa	$22,138,327	$22,551,635	$(413,308)	-1.83%
189	188	Maldives	$21,344,423	$19,146,001	$2,198,422	11.48%
190	186	Somalia	$20,868,755	$20,333,018	$535,737	2.63%
191	184	Gambia	$20,149,296	$21,489,190	$(1,339,894)	-6.24%
192	187	Seychelles	$19,805,223	$19,646,784	$158,439	0.81%
193	190	Tonga	$18,702,916	$17,796,764	$906,152	5.09%
194	195	Vatican City	$18,414,608	$13,524,487	$4,890,121	36.16%
195	197	San Marino	$15,336,482	$12,041,724	$3,294,758	27.36%
196	210	West Bank Administered by Israel	$15,095,416	$5,413,879	$9,681,537	178.83%
197	198	Andorra	$14,738,576	$11,712,851	$3,025,725	25.83%
198	196	Greenland	$14,345,776	$13,323,013	$1,022,763	7.68%
199	201	Palau	$14,203,279	$11,360,646	$2,842,633	25.02%
200	199	East Timor	$11,256,775	$11,591,078	$(334,303)	-2.88%
201	204	Faroe Islands	$9,907,103	$8,067,708	$1,839,395	22.80%
202	214	Sao Tome and Principe	$8,807,889	$3,912,008	$4,895,881	125.15%
203	213	Nauru	$8,726,724	$4,056,475	$4,670,249	115.13%
204	207	Burma (Myanmar)	$8,709,851	$7,550,586	$1,159,265	15.35%
205	215	St Helena	$8,602,757	$3,334,618	$5,268,139	157.98%
206	200	Reunion	$8,146,998	$11,383,551	$(3,236,553)	-28.43%
207	206	Burundi	$8,041,487	$7,766,927	$274,560	3.53%
208	193	Cape Verde	$7,726,123	$14,583,881	$(6,857,758)	-47.02%
209	223	Christmas Island	$6,816,259	$1,526,141	$5,290,118	346.63%
210	208	Guinea-Bissau	$6,652,966	$6,046,727	$606,239	10.03%
211	205	Solomon Islands	$6,554,723	$7,872,861	$(1,318,138)	-16.74%
212	203	Eritrea	$6,544,068	$9,705,189	$(3,161,121)	-32.57%
213	225	Gaza Strip Administered by Israel	$6,091,578	$1,072,455	$5,019,123	468.00%
214	194	Falkland Islands	$5,799,500	$13,874,465	$(8,074,965)	-58.20%
215	192	Montserrat	$5,327,900	$15,170,447	$(9,842,547)	-64.88%
216	212	Bhutan	$4,867,897	$4,283,557	$584,340	13.64%
217	211	Cook Islands	$4,108,565	$5,125,716	$(1,017,151)	-19.84%
218	216	Kiribati	$2,382,595	$2,738,033	$(355,438)	-12.98%
219	218	Cocos (Keeling) Island	$2,111,887	$2,217,981	$(106,094)	-4.78%
220	217	Niue	$2,059,680	$2,613,702	$(554,022)	-21.20%
221	224	Pitcairn Island	$1,983,513	$1,470,516	$512,997	34.89%
222	220	Norfolk Island	$1,918,599	$2,079,153	$(160,554)	-7.72%
223	222	St Pierre and Miquelon	$1,800,810	$1,603,577	$197,233	12.30%
224	226	Heard and McDonald Islands	$1,746,586	$633,314	$1,113,272	175.79%
225	236	North Korea	$1,728,160	$-	$1,728,160
226	209	Svalbard, Jan Mayen Island	$1,155,333	$5,746,699	$(4,591,366)	-79.90%
227	219	British Indian Ocean Territories	$1,018,763	$2,114,191	$(1,095,428)	-51.81%
228	227	French Southern and Antarctic Lands	$944,937	$228,372	$716,565	313.77%
229	221	Comoros	$910,310	$1,634,584	$(724,274)	-44.31%
230	230	Mayotte	$549,786	$25,633	$524,153	2044.84%
231	231	Western Sahara	$392,132	$16,063	$376,069	2341.21%
232	228	Wallis and Futuna	$245,698	$223,350	$22,348	10.01%
233	229	Tuvalu	$79,121	$86,805	$(7,684)	-8.85%

	Surplus/(Deficit)	2007	2006	Dollar Change	Percent Change
	World Total	$(790,990,507,146)	$(817,303,824,830)	$26,313,317,684	-3.22%
1	Netherlands	$14,565,513,191	$13,786,974,632	$778,538,559	5.65%
2	Hong Kong	$13,090,069,785	$9,828,923,459	$3,261,146,326	33.18%
3	Australia	$10,588,778,192	$9,575,326,867	$1,013,451,325	10.58%
4	United Arab Emirates	$10,269,936,600	$10,263,017,157	$6,919,443	0.07%
5	Belgium	$10,009,176,919	$6,934,577,967	$3,074,598,952	44.34%
6	Singapore	$7,889,203,334	$6,915,644,522	$973,558,812	14.08%
7	Panama	$3,373,768,834	$2,322,344,565	$1,051,424,269	45.27%
8	Egypt	$2,967,566,391	$1,736,898,502	$1,230,667,889	70.85%
9	Qatar	$2,283,293,072	$1,016,807,580	$1,266,485,492	124.56%
10	Switzerland	$2,270,436,121	$145,180,639	$2,125,255,482	1463.87%
11	Turkey	$1,985,116,918	$364,427,540	$1,620,689,378	444.72%
12	Bahamas	$1,969,205,829	$1,829,764,673	$139,441,156	7.62%
13	Dominican Republic	$1,871,441,082	$818,161,020	$1,053,280,062	128.74%
14	Jamaica	$1,589,868,808	$1,507,534,361	$82,334,447	5.46%
15	Argentina	$1,359,707,410	$796,939,192	$562,768,218	70.62%
16	Netherlands Antilles	$1,300,922,808	$365,764,295	$935,158,513	255.67%
17	Paraguay	$1,168,693,082	$852,729,423	$315,963,659	37.05%
18	Guatemala	$1,043,718,516	$409,138,729	$634,579,787	155.10%
19	Greece	$918,034,748	$589,056,893	$328,977,855	55.85%
20	Poland	$897,693,824	$(291,830,095)	$1,189,523,919	-407.61%
21	Morocco	$733,071,134	$357,043,256	$376,027,878	105.32%
22	Lebanon	$720,796,559	$841,582,197	$(120,785,638)	-14.35%
23	Costa Rica	$637,680,012	$288,239,446	$349,440,566	121.23%
24	Bermuda	$636,360,566	$621,477,540	$14,883,026	2.39%
25	Cayman Islands	$618,706,912	$616,818,459	$1,888,453	0.31%
26	Gibraltar	$590,779,776	$285,332,565	$305,447,211	107.05%
27	Honduras	$551,242,529	$(30,433,092)	$581,675,621	-1911.33%
28	Luxembourg	$475,913,162	$47,232,972	$428,680,190	907.59%
29	Cuba	$446,802,922	$340,327,024	$106,475,898	31.29%
30	Unidentified Countries	$428,171,064	$124,385,407	$303,785,657	244.23%
31	Iceland	$423,894,429	$138,256,827	$285,637,602	206.60%
32	Barbados	$418,334,576	$408,628,241	$9,706,335	2.38%
33	Afghanistan	$414,164,720	$372,100,039	$42,064,681	11.30%
34	Turks and Caicos Islands	$382,885,101	$353,613,802	$29,271,299	8.28%
35	Republic of Yemen	$350,134,388	$(192,441,958)	$542,576,346	-281.94%
36	Benin	$284,334,350	$114,935,535	$169,398,815	147.39%
37	Togo	$282,555,663	$104,873,298	$177,682,365	169.43%
38	El Salvador	$269,003,627	$295,270,563	$(26,266,936)	-8.90%
39	Lithuania	$264,611,711	$(3,468,786)	$268,080,497	-7728.37%
40	Kenya	$258,787,987	$172,306,473	$86,481,514	50.19%
41	Syria	$250,880,940	$10,525,020	$240,355,920	2283.66%
42	Antigua and Barbuda	$231,660,649	$187,835,411	$43,825,238	23.33%
43	Haiti	$222,921,836	$321,256,332	$(98,334,496)	-30.61%
44	Ghana	$217,250,025	$97,293,087	$119,956,938	123.29%
45	Martinique	$186,715,191	$(9,073,227)	$195,788,418	-2157.87%
46	Suriname	$176,338,375	$94,228,458	$82,109,917	87.14%
47	Georgia	$175,509,012	$158,219,674	$17,289,338	10.93%
48	Ethiopia	$167,635,249	$137,266,509	$30,368,740	22.12%
49	Cyprus	$152,286,931	$188,754,957	$(36,468,026)	-19.32%
50	Uruguay	$148,539,221	$(30,071,423)	$178,610,644	-593.95%
51	Guadeloupe	$134,332,904	$62,479,916	$71,852,988	115.00%
52	Senegal	$134,174,476	$76,129,760	$58,044,716	76.24%
53	British Virgin Islands	$133,180,329	$190,861,891	$(57,681,562)	-30.22%
54	St Lucia	$132,121,928	$118,967,481	$13,154,447	11.06%
55	Belize	$129,228,531	$91,856,466	$37,372,065	40.69%
56	Tanzania	$127,766,138	$126,096,880	$1,669,258	1.32%
57	Ukraine	$121,081,318	$(883,740,897)	$1,004,822,215	-113.70%
58	Mozambique	$109,593,633	$48,817,090	$60,776,543	124.50%
59	Mauritania	$101,934,897	$38,981,497	$62,953,400	161.50%
60	Anguilla	$88,048,186	$38,950,450	$49,097,736	126.05%
61	Dominica	$82,035,538	$64,849,845	$17,185,693	26.50%
62	Armenia	$77,690,179	$33,880,058	$43,810,121	129.31%
63	Grenada	$75,058,317	$69,710,714	$5,347,603	7.67%
64	St Vincent and the Grenadines	$67,715,004	$56,302,994	$11,412,010	20.27%
65	Guyana	$64,364,106	$54,143,557	$10,220,549	18.88%
66	French Polynesia	$62,068,668	$50,060,779	$12,007,889	23.99%
67	Niger	$59,751,622	$5,426,682	$54,324,940	1001.07%
68	Sudan	$59,463,056	$70,715,317	$(11,252,261)	-15.91%
69	St Kitts and Nevis	$57,148,470	$77,145,995	$(19,997,525)	-25.92%
70	Djibouti	$54,428,706	$44,333,358	$10,095,348	22.77%
71	Uganda	$53,642,170	$28,765,097	$24,877,073	86.48%
72	Tajikistan	$52,381,897	$(17,597,624)	$69,979,521	-397.66%
73	Serbia	$51,310,596	$-	$51,310,596	#DIV/0!
74	Tokelau	$47,418,675	$39,715,532	$7,703,143	19.40%
75	Latvia	$47,067,142	$(53,414,662)	$100,481,804	-188.12%
76	Kyrgyzstan	$46,868,463	$67,001,699	$(20,133,236)	-30.05%
77	Montenegro	$39,942,048	$-	$39,942,048	#DIV/0!
78	Federated States of Micronesia	$33,755,521	$28,699,552	$5,055,969	17.62%
79	Zimbabwe	$33,483,552	$(55,713,575)	$89,197,127	-160.10%
80	Burkina	$31,673,142	$17,084,553	$14,588,589	85.39%
81	French Guiana	$30,931,887	$32,524,330	$(1,592,443)	-4.90%
82	Moldova	$29,501,394	$(7,146,023)	$36,647,417	-512.84%
83	Albania	$24,441,176	$3,685,602	$20,755,574	563.15%
84	Vanuatu	$23,063,695	$6,800,005	$16,263,690	239.17%
85	Mali	$22,189,543	$35,091,197	$(12,901,654)	-36.77%
86	Monaco	$21,347,985	$1,872,067	$19,475,918	1040.34%
87	Zambia	$20,614,994	$23,185,428	$(2,570,434)	-11.09%
88	Somalia	$20,518,481	$19,557,894	$960,587	4.91%
89	Gambia	$19,852,680	$20,915,556	$(1,062,876)	-5.08%
90	Oman	$18,358,468	$(79,995,711)	$98,354,179	-122.95%
91	Vatican City	$18,117,614	$10,551,339	$7,566,275	71.71%
92	Maldives	$17,298,105	$16,148,607	$1,149,498	7.12%
93	Central African Republic	$16,872,529	$20,793,736	$(3,921,207)	-18.86%
94	Andorra	$13,861,734	$6,264,165	$7,597,569	121.29%
95	Palau	$13,430,721	$10,150,266	$3,280,455	32.32%
96	San Marino	$12,445,470	$5,888,640	$6,556,830	111.35%
97	Western Samoa	$11,294,327	$14,035,151	$(2,740,824)	-19.53%
98	Marshall Islands	$11,169,092	$1,047,213	$10,121,879	966.55%
99	West Bank Administered by Israel	$10,923,166	$(868,885)	$11,792,051	-1357.15%
100	East Timor	$10,611,679	$11,567,086	$(955,407)	-8.26%
101	Burma (Myanmar)	$8,709,851	$7,532,540	$1,177,311	15.63%
102	Sao Tome and Principe	$8,021,759	$3,506,458	$4,515,301	128.77%
103	Tonga	$7,763,292	$3,277,600	$4,485,692	136.86%
104	Nauru	$7,554,018	$3,508,463	$4,045,555	115.31%
105	Sierra Leone	$7,308,910	$3,112,358	$4,196,552	134.84%
106	Guinea-Bissau	$6,577,746	$5,370,557	$1,207,189	22.48%
107	Burundi	$5,819,167	$4,035,281	$1,783,886	44.21%
108	Eritrea	$5,681,584	$7,989,939	$(2,308,355)	-28.89%
109	Solomon Islands	$4,321,639	$3,487,649	$833,990	23.91%
110	Montserrat	$4,220,612	$13,584,515	$(9,363,903)	-68.93%
111	Cape Verde	$3,417,005	$12,654,351	$(9,237,346)	-73.00%
112	Rwanda	$3,374,838	$2,831,149	$543,689	19.20%
113	Bhutan	$3,233,095	$2,148,711	$1,084,384	50.47%
114	Gaza Strip Administered by Israel	$3,178,142	$(538,615)	$3,716,757	-690.06%
115	Pitcairn Island	$1,806,081	$1,259,902	$546,179	43.35%
116	North Korea	$1,728,160	$-	$1,728,160	#DIV/0!
117	Heard and McDonald Islands	$1,696,754	$556,880	$1,139,874	204.69%
118	Reunion	$1,359,250	$(2,627,261)	$3,986,511	-151.74%
119	Niue	$1,264,966	$2,466,956	$(1,201,990)	-48.72%
120	Norfolk Island	$1,136,385	$1,799,695	$(663,310)	-36.86%
121	British Indian Ocean Territories	$938,671	$489,219	$449,452	91.87%
122	Svalbard, Jan Mayen Island	$696,891	$5,711,349	$(5,014,458)	-87.80%
123	Cook Islands	$678,889	$930,192	$(251,303)	-27.02%
124	Cocos (Keeling) Island	$350,143	$(702,017)	$1,052,160	-149.88%
125	Western Sahara	$296,752	$16,063	$280,689	1747.43%
126	Wallis and Futuna	$179,392	$132,750	$46,642	35.14%
127	Tuvalu	$23,903	$41,775	$(17,872)	-42.78%
128	Mayotte	$(63,548)	$(2,185)	$(61,363)	2808.38%
129	Kiribati	$(83,577)	$46,567	$(130,144)	-279.48%
130	French Southern and Antarctic Lands	$(160,223)	$31,564	$(191,787)	-607.61%
131	Comoros	$(176,246)	$(1,416,786)	$1,240,540	-87.56%
132	Seychelles	$(858,589)	$(594,856)	$(263,733)	44.34%
133	St Pierre and Miquelon	$(1,357,704)	$(710,357)	$(647,347)	91.13%
134	Christmas Island	$(1,728,103)	$626,317	$(2,354,420)	-375.92%
135	St Helena	$(2,043,563)	$174,028	$(2,217,591)	-1274.27%
136	Falkland Islands	$(3,852,762)	$(10,599,285)	$6,746,523	-63.65%
137	Faroe Islands	$(4,306,705)	$(129,984)	$(4,176,721)	3213.26%
138	Bosnia-Hercegovina	$(4,753,598)	$25,876,307	$(30,629,905)	-118.37%
139	Greenland	$(5,508,408)	$(7,378,079)	$1,869,671	-25.34%
140	Laos	$(6,637,505)	$(1,738,288)	$(4,899,217)	281.84%
141	Malawi	$(7,631,098)	$(13,710,142)	$6,079,044	-44.34%
142	New Caledonia	$(21,567,018)	$(7,018,101)	$(14,548,917)	207.31%
143	Guinea	$(25,404,039)	$(29,180,368)	$3,776,329	-12.94%
144	Iran	$(27,582,944)	$(71,375,431)	$43,792,487	-61.36%
145	Turkmenistan	$(34,234,651)	$36,625,625	$(70,860,276)	-193.47%
146	Bahrain	$(34,874,550)	$(157,965,287)	$123,090,737	-77.92%
147	Macedonia (Skopje)	$(39,160,295)	$(19,802,530)	$(19,357,765)	97.75%
148	Liberia	$(39,533,616)	$(72,093,779)	$32,560,163	-45.16%
149	Papua New Guinea	$(42,626,789)	$(39,938,692)	$(2,688,097)	6.73%
150	Estonia	$(53,726,313)	$(304,831,778)	$251,105,465	-82.38%
151	Tunisia	$(54,608,421)	$(107,299,444)	$52,691,023	-49.11%
152	Mongolia	$(57,403,850)	$(90,804,145)	$33,400,295	-36.78%
153	Nepal	$(61,067,734)	$(82,786,078)	$21,718,344	-26.23%
154	Uzbekistan	$(76,161,938)	$(97,577,676)	$21,415,738	-21.95%
155	Bolivia	$(84,922,214)	$(147,144,458)	$62,222,244	-42.29%
156	Croatia	$(85,515,775)	$(206,645,152)	$121,129,377	-58.62%
157	Ethiopia	$(88,235,597)	$(81,120,441)	$(7,115,156)	8.77%
158	Namibia	$(91,888,332)	$11,126,267	$(103,014,599)	-925.87%
159	Congo (Kinshasa)	$(93,543,617)	$(14,391,516)	$(79,152,101)	549.99%
160	Swaziland	$(116,316,348)	$(143,783,327)	$27,466,979	-19.10%
161	Bulgaria	$(119,956,123)	$(165,241,520)	$45,285,397	-27.41%
162	Malta	$(121,527,242)	$(208,184,864)	$86,657,622	-41.63%
163	Fiji	$(122,871,412)	$(113,252,279)	$(9,619,133)	8.49%
164	Botswana	$(133,594,450)	$(225,228,905)	$91,634,455	-40.69%
165	Mauritius	$(137,812,731)	$(183,275,405)	$45,462,674	-24.81%
166	Cameroon	$(164,336,340)	$(153,258,890)	$(11,077,450)	7.23%
167	Slovenia	$(191,334,708)	$(244,029,172)	$52,694,464	-21.59%
168	Brunei	$(264,939,995)	$(502,183,376)	$237,243,381	-47.24%
169	Liechtenstein	$(268,417,109)	$(308,473,657)	$40,056,548	-12.99%
170	New Zealand	$(302,374,714)	$(187,852,815)	$(114,521,899)	60.96%
171	Madagascar	$(306,012,807)	$(236,396,980)	$(69,615,827)	29.45%
172	Romania	$(373,729,067)	$(564,951,276)	$191,222,209	-33.85%
173	Lesotho	$(435,522,239)	$(404,418,834)	$(31,103,405)	7.69%
174	Cote d'Ivoire	$(438,602,201)	$(554,182,245)	$115,580,044	-20.86%
175	Jordan	$(477,289,463)	$(771,735,135)	$294,445,672	-38.15%
176	Kazakhstan	$(498,577,902)	$(314,452,136)	$(184,125,766)	58.55%
177	Portugal	$(591,886,115)	$(1,589,577,403)	$997,691,288	-62.76%
178	Spain	$(650,400,873)	$(2,351,906,468)	$1,701,505,595	-72.35%
179	Chile	$(692,166,672)	$(2,779,151,740)	$2,086,985,068	-75.09%
180	Nicaragua	$(713,264,787)	$(774,442,348)	$61,177,561	-7.90%
181	Macao	$(868,680,446)	$(1,029,651,028)	$160,970,582	-15.63%
182	Colombia	$(880,452,582)	$(2,557,079,844)	$1,676,627,262	-65.57%
183	Slovakia	$(882,076,403)	$(894,677,407)	$12,601,004	-1.41%
184	Belarus	$(931,512,786)	$(464,631,106)	$(466,881,680)	100.48%
185	Brazil	$(1,007,565,080)	$(7,135,731,128)	$6,128,166,048	-85.88%
186	Peru	$(1,087,324,415)	$(2,953,545,338)	$1,866,220,923	-63.19%
187	Czech Republic	$(1,168,409,079)	$(1,226,543,610)	$58,134,531	-4.74%
188	Hungary	$(1,512,172,272)	$(1,396,685,080)	$(115,487,192)	8.27%
189	Equatorial Guinea	$(1,540,531,265)	$(1,181,470,315)	$(359,060,950)	30.39%
190	Pakistan	$(1,541,977,747)	$(1,683,096,338)	$141,118,591	-8.38%
191	Kuwait	$(1,633,266,304)	$(1,893,990,486)	$260,724,182	-13.77%
192	Philippines	$(1,694,532,682)	$(2,077,398,978)	$382,866,296	-18.43%
193	Gabon	$(1,704,151,096)	$(1,225,913,995)	$(478,237,101)	39.01%
194	Azerbaijan	$(1,709,735,923)	$(485,051,503)	$(1,224,684,420)	252.49%
195	Sri Lanka	$(1,838,553,228)	$(1,908,882,400)	$70,329,172	-3.68%
196	Chad	$(2,074,251,150)	$(1,856,657,848)	$(217,593,302)	11.72%
197	Finland	$(2,137,859,341)	$(2,326,081,876)	$188,222,535	-8.09%
198	Cambodia	$(2,324,508,744)	$(2,113,873,569)	$(210,635,175)	9.96%
199	Aruba	$(2,466,685,327)	$(2,334,522,896)	$(132,162,431)	5.66%
200	Libya	$(2,874,728,893)	$(2,037,347,801)	$(837,381,092)	41.10%
201	Congo (Brazzaville)	$(2,930,637,019)	$(2,959,191,937)	$28,554,918	-0.96%
202	Bangladesh	$(2,976,809,774)	$(2,938,444,667)	$(38,365,107)	1.31%
203	Denmark	$(3,139,004,665)	$(3,271,618,392)	$132,613,727	-4.05%
204	Ecuador	$(3,199,070,887)	$(4,366,654,979)	$1,167,584,092	-26.74%
205	South Africa	$(3,556,664,667)	$(3,039,057,458)	$(517,607,209)	17.03%
206	Norway	$(4,266,652,828)	$(4,691,337,655)	$424,684,827	-9.05%
207	India	$(6,431,939,744)	$(11,774,642,167)	$5,342,702,423	-45.37%
208	United Kingdom	$(6,596,677,888)	$(8,102,911,951)	$1,506,234,063	-18.59%
209	Trinidad and Tobago	$(7,014,315,713)	$(6,747,791,002)	$(266,524,711)	3.95%
210	Austria	$(7,497,819,889)	$(5,318,062,005)	$(2,179,757,884)	40.99%
211	Israel	$(7,793,105,639)	$(8,201,940,293)	$408,834,654	-4.98%
212	Sweden	$(8,552,326,661)	$(9,744,461,125)	$1,192,134,464	-12.23%
213	Vietnam	$(8,730,289,584)	$(7,466,379,691)	$(1,263,909,893)	16.93%
214	Iraq	$(9,832,264,017)	$(10,055,210,493)	$222,946,476	-2.22%
215	Indonesia	$(10,069,742,532)	$(10,346,240,798)	$276,498,266	-2.67%
216	Angola	$(11,227,393,676)	$(10,169,036,298)	$(1,058,357,378)	10.41%
217	Taiwan	$(11,943,366,119)	$(15,165,177,952)	$3,221,811,833	-21.24%
218	Russia	$(11,994,894,973)	$(15,127,222,465)	$3,132,327,492	-20.71%
219	South Korea	$(12,863,317,193)	$(13,362,026,836)	$498,709,643	-3.73%
220	France	$(14,181,875,784)	$(12,822,225,168)	$(1,359,650,616)	10.60%
221	Thailand	$(14,308,028,636)	$(14,319,681,639)	$11,653,003	-0.08%
222	Algeria	$(16,163,545,046)	$(14,354,025,894)	$(1,809,519,152)	12.61%
223	Italy	$(20,900,564,137)	$(20,109,028,302)	$(791,535,835)	3.94%
224	Malaysia	$(21,110,147,245)	$(23,988,871,519)	$2,878,724,274	-12.00%
225	Ireland	$(21,335,742,208)	$(20,009,861,933)	$(1,325,880,275)	6.63%
226	Saudi Arabia	$(25,227,199,436)	$(24,049,495,011)	$(1,177,704,425)	4.90%
227	Venezuela	$(29,697,361,856)	$(28,131,462,692)	$(1,565,899,164)	5.57%
228	Nigeria	$(29,983,559,244)	$(25,629,653,332)	$(4,353,905,912)	16.99%
229	Germany	$(44,712,466,258)	$(47,762,954,371)	$3,050,488,113	-6.39%
230	Canada	$(64,673,715,375)	$(71,781,845,658)	$7,108,130,283	-9.90%
231	Mexico	$(74,257,759,073)	$(64,274,349,724)	$(9,983,409,349)	15.53%
232	Japan	$(82,798,672,059)	$(88,568,062,020)	$5,769,389,961	-6.51%
233	China	$(256,269,475,866)	$(232,588,645,292)	$(23,680,830,574)	10.18%