Net trade in goods and services (BoP, current US$)

Net trade in goods and services, measured in Balance of Payments (BoP) and expressed in current US dollars, is a crucial economic indicator that reflects a country’s economic transactions with the rest of the world. It is the difference between a country’s exports and imports of goods and services.In 2022, among the countries discussed, Iraq stood out with the highest net trade in goods and services, recording a substantial figure of USD 57.92 billion.