COMECON: European trade balance 1970-1990| ��ƽ��

Soviet Union and Eastern Europe balance of payments from 1970 to 1990 (in billion U.S. dollars)

Characteristic	Merchandise export	Merchandise import	Balance of trade	Invisibles	Current Account
1990	77.8	79.3	-1.5	-5.1	-6.6
1989	83.9	84.7	-0.8	-5.4	-6.1
1988	80	73.7	6.3	-3.2	3.2
1987	75.2	65	10.2	-2.6	7.6
1986	66.1	62	4.1	-3.4	0.8
1985	70.9	64.4	6.5	-3.4	3.1
1984	77.4	64	13.4	-3	10.4
1983	76.4	64.5	11.9	-3.9	8
1982	74.9	65.4	9.4	-5.2	4.2
1981	71.4	71.6	-0.2	-5.9	-6.1
1980	70.2	69.8	-0.3	-3.7	-3.4
1979	56.5	57.5	-0.9	-1.6	-2.6
1978	43.4	47.3	-3.9	-0.6	-4.5
1977	38.9	41.7	-2.8	-0.5	-3.3
1976	33	41.4	-8.1	0.1	-8.1
1975	29.4	39.3	-9.9	0	-9.9
1974	27.8	30.4	-2.6	0.7	-1.9
1973	19.3	21	-1.8	1.1	-0.7
1972	12.7	13.9	-1.2	0.7	-0.5
1971	10.7	10.6	0.1	0.6	0.7
1970	9.7	9.8	0	0.6	0.6

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Release date

1993

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Region

Bulgaria, Czechia, Hungary, Poland, Romania, Russia, Slovakia, German Democratic Republic, Central and Eastern Europe

Survey time period

1970 to 1990

Supplementary notes

Eastern Europe here refers to Bulgaria, Czechoslovakia, East Germany, Hungary, Poland, and Romania.

Citation formats

Throughout the 1970s and 1980s, the COMECON member states of the Eastern Bloc accumulatively exported over 1.11 trillion U.S. dollars worth of goods and imported approximately 1.08 trillion. The majority of this trade was between the nations represented in the data; although trade with other COMECON members or associated states, the west and developing countries also played a large role (particularly for the Soviet Union). The region operated with a negative trade balance throughout most of the 1970s and a positive balance in the 1980s; however, Poland's considerable debt saw the balance of trade and current accounts deviate in the early eighties.