Curaçao's net trade in goods (current US$, BoP) was −US$1.27 billion in 2023, the latest year in the World Bank's World Development Indicators. That is down 0.41% from −US$1.26 billion in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$1.27 billion | 2023 |
| Five years earlier | −US$1.17 billion | 2018 |
| Ten years earlier | −US$1.26 billion | 2013 |
| Highest | −US$938.37 million | 2020 |
| Lowest | −US$1.47 billion | 2022 |
| Average since 2014 | −US$1.14 billion | 2014–2023 |
| First recorded | −US$1.3 billion |
What the numbers say
In 2023, Curaçao's net trade in goods (current US$, BoP) rose US$204.02 million on 2022 (from −US$1.47 billion to −US$1.27 billion).
Across the 11 yearly changes before that (2012 to 2022), the average change was −US$15.57 million and a typical year strayed about US$150.98 million from that (the standard deviation). This year's change was 1.5 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$204.02 million in 2023 and the biggest yearly fall was US$334.02 million in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 there is no clear straight-line trend: a straight line explains 18% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Curaçao had the 11th highest value of the 12 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Curaçao in the 2023 ranking
- Benin — 7th of 12: −US$598.79 million
- Sint Maarten (Dutch part) — 8th of 12: −US$927.19 million
- Aruba — 9th of 12: −US$1.22 billion
- Senegal — 11th of 12: −US$5.32 billion
- Lebanon — 12th of 12: −US$12.84 billion
What this measures
The balance of international trade in goods is the difference between the exports and imports of goods. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 13 values
| Year | Net trade in goods (current US$, BoP) |
|---|---|
| 2023 | -1,269,643,140 |
| 2022 | -1,473,665,696 |
| 2021 | -1,139,642,204 |
| 2020 | -938,371,699 |
| 2019 | -1,063,249,413 |
| 2018 | -1,171,046,855 |
| 2017 | -1,043,782,721 |
| 2016 | -1,064,039,106 |
| 2015 | -1,111,195,531 |
| 2014 | -1,173,631,285 |
Net trade in goods (current US$, BoP) in nearby economies
- Antigua and Barbuda — −US$696.93 million (2025)
- Argentina — US$15.36 billion (2025)
- Aruba — −US$1.22 billion (2023)
- Bahamas, The — −US$3.72 billion (2024)
- Barbados — −US$820.85 million (2017)
- Belize — −US$940.14 million (2025)
- Bolivia — US$1.18 billion (2025)
- Brazil — US$59.73 billion (2025)
- Chile — US$23.85 billion (2025)
- Colombia — −US$14.84 billion (2025)
- Costa Rica
More economic policy & debt data for Curaçao
- Adjusted savings, education expenditure (% of GNI) — 4.86% (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Adjusted savings, energy depletion (current US$) — US$0 (2021)
- Agriculture, forestry, and fishing, value added (current US$) — US$9.93 million (2024)
- Agriculture, forestry, and fishing, value added (current LCU) — 17.77 million (2024)
- Agriculture, forestry, and fishing, value added (% of GDP) — 0.28% (2024)
- Manufacturing, value added (current US$) — US$103.98 million (2024)
- Manufacturing, value added (current LCU) — 186.12 million (2024)
- Manufacturing, value added (% of GDP)
Reading data like this
Questions people ask
- What is Curaçao's net trade in goods (current US$, BoP)?
- −US$1.27 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2011?
- It is up 2.51% from −US$1.3 billion in 2011. The highest value was −US$938.37 million in 2020 and the lowest −US$1.47 billion in 2022.
- How does Curaçao rank?
- 11th highest of 12 economies with data for 2023.
- Is the latest change in net trade in goods (current US$, BoP) unusual for Curaçao?
- In 2023, Curaçao's net trade in goods (current US$, BoP) rose US$204.02 million on 2022 (from −US$1.47 billion to −US$1.27 billion). Across the 11 yearly changes before that (2012 to 2022), the average change was −US$15.57 million and a typical year strayed about US$150.98 million from that (the standard deviation). This year's change was 1.5 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator BN.GSR.MRCH.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in