Top Trade Surplus Nations for 2022 Are China and Russia
March 26, 2023, 2022 (EIRNS)—The two countries with the largest trade surplus for 2022 are China and Russia, according to RIA Novosti’s examination of the official records of 60 nations. They examined the reports given out by the national statistical services of each country that had provided both 2021 and 2022 numbers. China’s trade surplus hit an all-time high of $877.6 billion, 30% above 2021. Russia hit their own record of $333.4 billion, a full 70% above 2021, moving them up to second place. Germany, which had been in second place in 2021, had a massive drop, now at seventh.
Otherwise, Saudi Arabia ranked third, followed by Norway, a beneficiary of the destruction of the Nord Stream pipelines. One country, Nigeria, moved from a deficit to a surplus. The number of major countries that had a surplus dropped from 32 in 2021 to 26 in 2022.