Net trade in goods (BoP, current US$) in Aruba
Aruba: Net trade in goods (BoP, current US$) was -1.22 billion BoP, current US$ in 2023. ◆ Volatile
Net trade in goods in Aruba, 1986–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, net trade in goods in Aruba stood at -1.22 billion BoP, current US$. That is the lowest value across all 38 years on record.
The figure is down 4.8% on the previous year and down 11.7% over ten years.
Over the whole period, net trade in goods in Aruba peaked at 966.03 million BoP, current US$ in 1996 and was at its lowest, -1.22 billion BoP, current US$, in 2023.
That places Aruba 114th out of 200 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods (BoP, current US$) in Aruba, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1986 | -180.89 million BoP, current US$ | — |
| 1987 | -204.69 million BoP, current US$ | +13.2% |
| 1988 | -267.26 million BoP, current US$ | +30.6% |
| 1989 | -289.94 million BoP, current US$ | +8.5% |
| 1990 | -425.36 million BoP, current US$ | +46.7% |
| 1991 | -524.08 million BoP, current US$ | +23.2% |
| 1992 | -377.49 million BoP, current US$ | -28.0% |
| 1993 | -392.12 million BoP, current US$ | +3.9% |
| 1994 | -310.56 million BoP, current US$ | -20.8% |
| 1995 | 419.22 million BoP, current US$ | -235.0% |
| 1996 | 966.03 million BoP, current US$ | +130.4% |
| 1997 | 891.51 million BoP, current US$ | -7.7% |
| 1998 | 197.76 million BoP, current US$ | -77.8% |
| 1999 | -640.53 million BoP, current US$ | -423.9% |
| 2000 | -623.35 million BoP, current US$ | -2.7% |
| 2001 | -782.72 million BoP, current US$ | +25.6% |
| 2002 | -750.26 million BoP, current US$ | -4.1% |
| 2003 | -903.84 million BoP, current US$ | +20.5% |
| 2004 | -154.46 million BoP, current US$ | -82.9% |
| 2005 | 119.98 million BoP, current US$ | -177.7% |
| 2006 | -7.32 million BoP, current US$ | -106.1% |
| 2007 | 80.56 million BoP, current US$ | -1201.0% |
| 2008 | -561.40 million BoP, current US$ | -796.9% |
| 2009 | -501.34 million BoP, current US$ | -10.7% |
| 2010 | -1.13 billion BoP, current US$ | +125.3% |
| 2011 | -736.59 million BoP, current US$ | -34.8% |
| 2012 | -656.03 million BoP, current US$ | -10.9% |
| 2013 | -1.09 billion BoP, current US$ | +66.7% |
| 2014 | -1.09 billion BoP, current US$ | -0.2% |
| 2015 | -920.76 million BoP, current US$ | -15.6% |
| 2016 | -854.30 million BoP, current US$ | -7.2% |
| 2017 | -989.29 million BoP, current US$ | +15.8% |
| 2018 | -1.04 billion BoP, current US$ | +5.1% |
| 2019 | -1.07 billion BoP, current US$ | +3.3% |
| 2020 | -775.85 million BoP, current US$ | -27.7% |
| 2021 | -937.88 million BoP, current US$ | +20.9% |
| 2022 | -1.17 billion BoP, current US$ | +24.3% |
| 2023 | -1.22 billion BoP, current US$ | +4.8% |
Aruba compared with similar countries
- Aruba's -1.22 billion BoP, current US$ is below the median for high income countries, which is -758.89 million BoP, current US$, 1.6× the median. (72 countries reporting)
- Aruba's -1.22 billion BoP, current US$ is below the median for Latin America & Caribbean, which is -696.93 million BoP, current US$, 1.8× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods (BoP, current US$) 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 |
|---|---|---|---|
| 2007 | +1201.0% | -7.32 million BoP, current US$ | 80.56 million BoP, current US$ |
| 2008 | -796.9% | 80.56 million BoP, current US$ | -561.40 million BoP, current US$ |
| 1999 | -423.9% | 197.76 million BoP, current US$ | -640.53 million BoP, current US$ |
| 1995 | +235.0% | -310.56 million BoP, current US$ | 419.22 million BoP, current US$ |
| 2005 | +177.7% | -154.46 million BoP, current US$ | 119.98 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -235.70 million BoP, current US$ | -289.94 million BoP, current US$ | -180.89 million BoP, current US$ | 4 |
| 1990s | -19.56 million BoP, current US$ | -640.53 million BoP, current US$ | 966.03 million BoP, current US$ | 10 |
| 2000s | -408.41 million BoP, current US$ | -903.84 million BoP, current US$ | 119.98 million BoP, current US$ | 10 |
| 2010s | -958.53 million BoP, current US$ | -1.13 billion BoP, current US$ | -656.03 million BoP, current US$ | 10 |
| 2020s | -1.03 billion BoP, current US$ | -1.22 billion BoP, current US$ | -775.85 million BoP, current US$ | 4 |
Countries ranked near Aruba
- 111 Cape Verde -943.55 million BoP, current US$ compare
- 112 Gambia -961.08 million BoP, current US$ compare
- 113 Cameroon -983.96 million BoP, current US$ compare
- 115 Zimbabwe -1.26 billion BoP, current US$ compare
- 116 Curacao -1.27 billion BoP, current US$ compare
- 117 Bermuda -1.27 billion BoP, current US$ compare
More economy & growth data for Aruba
- Real gdp growth, annual growth rate -16.76 % change on previous year (2023)
- Gross national expenditure (current LCU), annual growth rate 9.8 % change on previous year (2024)
- Exports of goods and services (current LCU), annual growth rate 19.75 % change on previous year (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)
- 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 in Aruba?
- Net trade in goods in Aruba was -1.22 billion 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 recorded in Aruba?
- The highest recorded value was 966.03 million BoP, current US$ in 1996.
- What is the lowest net trade in goods recorded in Aruba?
- The lowest recorded value was -1.22 billion BoP, current US$ in 2023.
- How does Aruba rank for net trade in goods?
- Aruba ranks 114th out of 200 countries with data for 2023.
- Is net trade in goods rising or falling in Aruba?
- Over the last ten years it is down 11.7%. 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 (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 is the difference between the exports and imports of goods. 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.