Trade Balance is the difference between export and import of goods and services for the reporting period in monetary terms. The active part of the Trade Balance (with the sign +) takes into account: exported goods and services, foreign expenditures in the national economy, foreign investments in the national economy. The passive part of the Trade Balance (with the minus sign -) takes into account: imported goods and services, intramural expenditures in the foreign economy, foreign investments in the foreign economy. Summarizing all the articles of the Trade Balance, the Closing Balance is obtained. If a country exports more goods and services than it imports, it has a trade surplus (a positive indicator value). If imports exceed exports, it means a trade deficit (a negative indicator value).
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