Balance of trade

The balance of trade is included in the balance of payments, the balance of trade is established by the central bank. The balance of trade is the statistics of trade in goods, trade in services, factor income and transfers with foreign countries.

The trade balance is a summary of transactions between a country and abroad countries. The balance of trade shows the difference betweeen a country's exports and imports. The balance of trade should be zero in order to achieve the best result of foreign trade. The presentation below shows the contents of the trade balance:

+ Balance of goods (export-import of goods)
+ Balance of services (export-import of services)
+ Factor income (wages and investment income)
+ Transfer balance (foreign aid, eu grants)
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