Soviet Union and Eastern Europe balance of payments 1970-1990

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.