Counting shipping as quasi-exports and in terms of monetary value, Greece ranked 4th globally in 2011 having "exported" shipping services worth 17,704.132 million $; only Denmark, Germany and South Korea ranked higher during that year. Similarly counting shipping services provided to Greece by other countries as quasi-imports and the difference between "exports" and "imports" as a "trade balance", Greece in 2011 ranked in the latter second behind Germany, having "imported" shipping services worth 7,076.605 million US$ and having run a "trade surplus" of 10,712.342 million US$.