Eurozone Trade Balance
Country: European Monetary Union
Previous value: £22.3B
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The Trade Balance issued by the Eurostat measures the difference between exports and imports volumes. A positive trade balance demonstrates trade surplus, while a negative result is a sign of deficit. Due to the fact that foreigners must buy the national currency to pay for the country's exports, this can have a significant impact on EUR. Trade balance will grow if there is a stable demand for export and it will positively effect the EUR.
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