What is the formula for calculating trade balance?

The trade balance refers to the difference between a country or region's exports and imports within a certain period of time. The formula for calculating the trade balance is as follows: "Trade balance = total export value - total import value", total export value The total value of imports refers to the total value of goods and services sold by a country or region to other countries or regions during a specific period of time. The total value of imports refers to the total value of goods and services purchased by a country or region from other countries or regions during the same period of time. .

# Operating system for this tutorial: Windows 10 system, Dell G3 computer.

The trade balance refers to the difference between a country or region’s exports and imports within a certain period of time. The formula for calculating the trade balance is as follows:

Trade balance = Total export value - Total import value

Among them, the total export value refers to the goods sold by a country or region to other countries or regions within a specific period of time. and total value of services. The total value of imports refers to the total value of goods and services purchased by a country or region from other countries or regions during the same period of time.

A positive value of the trade balance indicates that exports exceed imports, also known as a trade surplus; while a negative value indicates that imports exceed exports, also known as a trade deficit. The trade balance is usually used to measure the trade status between a country or region and other countries or regions, and is of great significance to international trade analysis and economic policy formulation.

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