Commercial Balance
The commercial balance is calculated by the difference of exports and the imports (exports - imports) during one determined period, which is generally a month, one quarter or a year.
When the balance is higher than 0, one speaks about Trade surplus, whereas if it is lower to him, one speaks about Trade deficit.
Some figures in the world…
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France: overdrawn of -3% of the GDP
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Germany: surplus of 17,3% of the GDP
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Japan: exc of 7,4% of the GDP
Sources: The IMF
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