Definition of Trade Balance (USD)

Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.

Related Indicators

• Trade Balance (Percent of GDP)
• Balance Of Payments
• Exchange Rate
• Imports Of Goods And Services (USD)
• Foreign Exchange Reserves