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UAE Leads World in Trade Surplus; US Sees Deficit
7 Sep
Summary
- UAE has the largest trade surplus, 27.8% of GDP.
- Ukraine has the largest trade deficit, 23.0% of GDP.
- China's surplus is 5.5% of GDP; US deficit is 3.2%.
Globally, trade balances show significant variation relative to the size of an economy. The United Arab Emirates leads with the largest trade surplus among major economies, standing at 27.8% of its GDP. Ireland follows closely with a surplus of 22.9% of its GDP.
Conversely, Ukraine records the most substantial trade deficit relative to GDP among major economies, at 23.0%. Hong Kong also experiences a notable deficit, equal to 12.8% of its GDP. China maintains a trade surplus of 5.5% of GDP, while the United States registers a deficit of 3.2% of its GDP.
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