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Economy

Balance Of Trade

By Updated:1 Min Read
Balance of trade figures weak in March 2018

[dropcap]T[/dropcap]he balance of trade compares the value of a country’s exports of goods and services against its imports. When exports are greater than imports, that’s a trade surplus. Most nations view that as a favorable trade balance. A country that imports more goods and services than it exports has a trade deficit.

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BALANCE OF TRADE (Million US $)
PERIOD
EXPORTS (VALUE)
IMPORTS (VALUE)
BALANCE OF TRADE
Jul-16 P
1,495
3,093
-1,598
Aug-16 P
1,840
3,807
-1,967
Sep-16 P
1,672
3,209
-1,537
Oct-16 P
1,826
3,340
-1,514
Nov-16 P
1,841
3,785
-1,944
Dec-16 P
1,860
4,109
-2,249
Jan-17 R
1,770
4,182
-2,412
Feb-17 P
1,747
3,921
-2,174

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