Trade Balance (YoY)
The present indicator of the total 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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