See also: Balance

The balances commercial of a country summarizes its Exportation S and Importation S of well S, and service S (one speaks about the Balance about the goods and services ). However, in certain nomenclatures, of which the National accounting French, the trade balance covers only the goods.

The goods and services can include/understand: manufactured goods, raw materials, agricultural produce, voyages and transport, tourism, services of council and service companies…

The pay of the trade balance is the difference between the values of exports and the importations of goods and services.

The trade balance is a component of the current Balance, itself left the Balance of the payments.

A positive trade balance thus means that the country exports more goods and services that it does not import any: one speaks then about trade surplus . When it is negative, one speaks about trade deficit . None of both is necessarily dangerous in a modern economy, even if a too great trade surplus or trade deficit can be the hidden sign of other economic problems.

Data

The Germany records since the beginning of the years a 2000 very important trade surplus: it was of 162 billion euros over twelve months between December 2005 and November 2006.

The France, on the other hand, knows a trade deficit rising for 2006 to 29 billion euros.

Trade balance analyzes

The factors which can influence the trade balance are the following:

• the Foreign exchange rate S

• the trade agreements
• the Customs duties S

The measurement of the trade balance can be problematic, that is due to the difficulty of the recording of the whole of the commercial data. An illustration of this problem is the following one: when the whole of the deficits and trade surpluses are added, it appears that the world even records a trade surplus with him, of some points. That cannot be the case, because the whole of the transactions correspond either to a credit or with a flow in the account of each country and must of this fact of balancing. An explanation to this phenomenon can lie in the transactions to wash the dirty money, or tax avoidance, or other problems still.

See too

Related articles

• Balance of payments
• Deposit rate

External bonds

• balances goods Frenchwoman (site of INSEE)

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