Table 1. Balance of trade

Balance of trade (billions of dollars)

Agricultural trade balance (billions of dollars)

Reconciliation of balance of payments and foreign trade statistics.

(r) External trade and balance of payments (Eurostat 12)

Export of goods, FOB Import of goods, FOB Trade balance

Trends in the services trade balance varied.

External trade and investment Foreign investment and balance of payments Foreign trade and balance of payments In 2001 the current account deficit dropped to about 2.2 of GDP (US 1.17 billion) from 3.1 in 2000 while the trade balance registered a small deficit.

Indeed, if foreign owned enterprises exports are deducted from the total trade volume, the surplus vanishes, because both the overall balance of merchandise trade and the balance of trade in services normally run deficits.

After all, a weaker currency and better trade balance in some countries necessarily implies a stronger currency and a weaker trade balance in others.

The trade balance with Argentina, Colombia, and Asia is negative.

Table 10. Latin America and the Caribbean trade balance (goods)

For, excluding oil, Africa has a negative trade balance with China.

Oil accounts for 40 of exports and contributes to maintaining a positive trade balance.

Unless the US economy improves its trade balance, the dollar will fall.

But the US cannot improve its trade balance unless the dollar falls.

59. The balance of trade for 1992 shows a deficit of CFPF 49,712 million (see table 1).

A trade balance surplus and an approved deficit in the general State budget

Croatia was constantly endeavouring to improve its creditworthiness, trade balance and investment climate.

A key aspect of these development concerns is identifying the appropriate balance in any trade agreement.

A country can balance its trade either on a trading partner basis in which total money flows between two countries are equalized or it can balance the overall trade and money flows so that a trade deficit with one country is balanced by a trade surplus with another country.

In that case, maintaining a weak renminbi would protect the trade balance from a flood of imports.

At the same time, the effect of currency appreciation on the trade balance should not be exaggerated.

In some cases, such flows could have a positive impact on the trade balance.

23. It is also of interest to consider the effect of tobacco on the trade balance in each country.

This induced a negative merchandise trade balance for the first time in many years and as a result the current account deficit of the balance of payments also widened considerably.

Japan, for example, has confronted only a 157 billion decline in its annualized trade balance.

As an immature debtor borrower, its trade balance and current account are also in deficit as a mature debtor borrower, its trade balance enters surplus and, as a debtor repayer, its current account moves to surplus.

Kosovo has a strongly negative balance of trade in 2004, the deficit of the balance of goods and services was close to 70 percent of GDP, and was 39 of GDP in 2011.

Opening up markets in developed countries is certainly one way of striking a better balance in multilateral trade efforts.

Manufacturing production has plummeted, the trade balance has deteriorated sharply, and corporate bankruptcies are increasingly frequent.

33. The balance of payments deficit on current account widened once again in 1992, this time to nearly US 33 billion, owing to the deterioration of the trade balance (see table 11).

The active balance of payments and trade balance in conditions of growing foreign investment flows, along with the stabilized exchange rates of the Czech koruna, were the main macroeconomic features of the Czech economy.

Unlike the old days, the threat of currency wars is not directly related to trade imbalances and balance of payments crises.

The net financial transfer of a country is thus the financial counterpart to the balance of trade in goods and services.

As an immature creditor lender, the trade balance and current account are in surplus as well as a mature creditor lender, the trade balance returns to deficit finally, as a creditor borrower, the country s current account swings into deficit.

Empirical studies estimate that the overall impact of a weaker US dollar on the trade balance is close to zero.

Furthermore, the saving gap and the trade balance interact with each other constantly, making them always equal.

Many factors other than exchange rates affect a country s trade balance. A key determinant is national savings.

China s balance in ordinary trade shifted from a surplus of 38 billion in 2005 to a deficit of 48 billion in 2010.

Doing so will raise the cost of imports and lower the cost of exports, leading to an improvement in its trade balance.

It is important to aim for an equitable balance of the benefits of trade and transport facilitation measures among all trading partners.

Likewise, geo economic calculations of relative GDP, terms of trade, and foreign exchange reserves carry significant weight in determining the balance of power.

IMF approved and disbursed a loan of 850 million, to cover trade balance losses owing to the drought in 1991 92.

The trouble with currency undervaluation is that, unlike conventional industrial policy, it spills over into the trade balance.