Trade Balance

Source definition

UIS, Statistics on culture trade

Calculation method

Exports less imports

Interpretation

Indicates if a country enjoys a surplus or deficit in the trade of goods. If the figure is positive, the country is exporting more goods than it is importing. In the figure is negative, the country is importing more goods than it is exporting.

Purpose

Indicates if a country enjoys a surplus or deficit in the trade of goods. 

Data source

Customs statistics

Types of disaggregation

By type of goods
By partner country

Definition

The difference between the exports and imports of goods. Also called Net trade of goods.