High oil prices and a big devaluation in 1998 have generated a huge trade surplus.

ECONOMIST: Russia's central bank

But what about another apparently telling piece of evidence: China's huge trade surplus with America?

ECONOMIST: China's economy

Because Beijing is running a huge trade surplus with us.

FORBES: Fact and Comment

Despite a long history as a huge exporter of commodities, Indonesia has flipped from having a trade account surplus to a deficit in recent months, and last quarter recorded its biggest ever current-account deficit.

WSJ: Indonesian Boom Starts to Stall