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