Net trade in goods and services in Aruba
Aruba: Net trade in goods and services was 587.86 million BoP, current US$ in 2023. ◆ Volatile
Net trade in goods and services in Aruba, 1986–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, net trade in goods and services in Aruba stood at 587.86 million BoP, current US$.
The figure is up 38.7% on the previous year and up 672.5% over ten years.
Over the whole period, net trade in goods and services in Aruba peaked at 766.37 million BoP, current US$ in 2007 and was at its lowest, -339.90 million BoP, current US$, in 1999.
That places Aruba 67th out of 200 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Aruba, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1986 | -14.58 million BoP, current US$ | — |
| 1987 | -7.43 million BoP, current US$ | -49.0% |
| 1988 | -26.31 million BoP, current US$ | +254.1% |
| 1989 | -38.77 million BoP, current US$ | +47.3% |
| 1990 | -149.27 million BoP, current US$ | +285.0% |
| 1991 | -199.22 million BoP, current US$ | +33.5% |
| 1992 | 33.85 million BoP, current US$ | -117.0% |
| 1993 | 42.85 million BoP, current US$ | +26.6% |
| 1994 | 85.03 million BoP, current US$ | +98.4% |
| 1995 | -25.59 million BoP, current US$ | -130.1% |
| 1996 | -53.63 million BoP, current US$ | +109.6% |
| 1997 | -167.54 million BoP, current US$ | +212.4% |
| 1998 | -14.36 million BoP, current US$ | -91.4% |
| 1999 | -339.90 million BoP, current US$ | +2267.4% |
| 2000 | 309.78 million BoP, current US$ | -191.1% |
| 2001 | 430.46 million BoP, current US$ | +39.0% |
| 2002 | -137.74 million BoP, current US$ | -132.0% |
| 2003 | -24.38 million BoP, current US$ | -82.3% |
| 2004 | 453.52 million BoP, current US$ | -1960.2% |
| 2005 | 716.11 million BoP, current US$ | +57.9% |
| 2006 | 546.73 million BoP, current US$ | -23.7% |
| 2007 | 766.37 million BoP, current US$ | +40.2% |
| 2008 | 247.76 million BoP, current US$ | -67.7% |
| 2009 | 344.36 million BoP, current US$ | +39.0% |
| 2010 | -248.94 million BoP, current US$ | -172.3% |
| 2011 | 101.01 million BoP, current US$ | -140.6% |
| 2012 | 281.62 million BoP, current US$ | +178.8% |
| 2013 | -102.68 million BoP, current US$ | -136.5% |
| 2014 | 39.40 million BoP, current US$ | -138.4% |
| 2015 | 308.64 million BoP, current US$ | +683.3% |
| 2016 | 333.53 million BoP, current US$ | +8.1% |
| 2017 | 267.55 million BoP, current US$ | -19.8% |
| 2018 | 287.15 million BoP, current US$ | +7.3% |
| 2019 | 321.66 million BoP, current US$ | +12.0% |
| 2020 | -200.49 million BoP, current US$ | -162.3% |
| 2021 | 253.59 million BoP, current US$ | -226.5% |
| 2022 | 423.84 million BoP, current US$ | +67.1% |
| 2023 | 587.86 million BoP, current US$ | +38.7% |
Aruba compared with similar countries
- Aruba's 587.86 million BoP, current US$ is below the median for high income countries, which is 2.86 billion BoP, current US$, 21% of the median. (72 countries reporting)
- Aruba's 587.86 million BoP, current US$ is above the median for Latin America & Caribbean, which is -99.96 million BoP, current US$. (37 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods and services in Aruba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | -2267.4% | -14.36 million BoP, current US$ | -339.90 million BoP, current US$ |
| 2004 | +1960.2% | -24.38 million BoP, current US$ | 453.52 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -21.77 million BoP, current US$ | -38.77 million BoP, current US$ | -7.43 million BoP, current US$ | 4 |
| 1990s | -78.78 million BoP, current US$ | -339.90 million BoP, current US$ | 85.03 million BoP, current US$ | 10 |
| 2000s | 365.30 million BoP, current US$ | -137.74 million BoP, current US$ | 766.37 million BoP, current US$ | 10 |
| 2010s | 158.89 million BoP, current US$ | -248.94 million BoP, current US$ | 333.53 million BoP, current US$ | 10 |
| 2020s | 266.20 million BoP, current US$ | -200.49 million BoP, current US$ | 587.86 million BoP, current US$ | 4 |
Countries ranked near Aruba
- 64 Zambia 688.73 million BoP, current US$ compare
- 65 Andorra 645.19 million BoP, current US$ compare
- 66 San Marino 628.49 million BoP, current US$ compare
- 68 Djibouti 484.90 million BoP, current US$ compare
- 69 Estonia 460.27 million BoP, current US$ compare
- 70 Gabon 340.70 million BoP, current US$ compare
More economy & growth data for Aruba
- Gross national expenditure (current US$), per capita 35,807 current US$ per person (2024)
- Exports of goods and services (current US$), per capita 33,176 current US$ per person (2024)
- Exports of goods and services (current US$), per unit of GDP 0.8597 current US$ per US$ of GDP (2024)
- Exports of goods and services (current US$), annual growth rate 19.75 % change on previous year (2024)
- Gross national expenditure (current LCU), per capita 64,094 current LCU per person (2024)
- Gross national expenditure (current LCU), per unit of GDP 1.66 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), annual growth rate 9.8 % change on previous year (2024)
- Final consumption expenditure (current LCU), annual growth rate -1.38 % change on previous year (2024)
- Final consumption expenditure (current LCU), per unit of GDP 1.2 current LCU per US$ of GDP (2024)
- Final consumption expenditure (current LCU), per capita 46,310 current LCU per person (2024)
Frequently asked questions
- What is net trade in goods and services in Aruba?
- Net trade in goods and services in Aruba was 587.86 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Aruba?
- The highest recorded value was 766.37 million BoP, current US$ in 2007.
- What is the lowest net trade in goods and services recorded in Aruba?
- The lowest recorded value was -339.90 million BoP, current US$ in 1999.
- How does Aruba rank for net trade in goods and services?
- Aruba ranks 67th out of 200 countries with data for 2023.
- Is net trade in goods and services rising or falling in Aruba?
- Over the last ten years it is up 672.5%. The long-run trend across the full record is volatile.
- Where does this Aruba data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.