The trade balance is a measure of the difference between a country’s imports and exports for a given period. The trade balance will be positive if exports are more than imports, which results in a trade surplus, while the trade balance will be negative if exports are less than exports, which results in a trade deficit. Economists use the trade balance to estimate the relative strength of a country’s economy.
This report is published around the third week of every month and details the performance of several exported goods and services in various sectors of the economy.