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| Country: |
USA
| | Definition: |
Report on trade in goods, specifying the difference between monthly export and import
| | Description: |
Trade Balance is one of the key indicators. It is the value of the goods and services sold to other countries and bought from them, it forms part of the balance of payment (Current Account). The balance of trade is a correlation between the sum of money gained by the USA economy by exporting goods and services to other countries and the cost of goods and services imported to the country, that is the difference between export and import. At first export is analyzed as it has direct impact on the economic acceleration. Whereas import reflects demands for goods within the country (import increase reflects stocks forming, which may signify possible further slow increase in selling). Rate of exchange affects trade balance as it corrects the nominal value of the imported goods and services. In case the sum of exported goods and services exceeds the price of imported ones Trade Balance is positive (surplus), in case import surpasses export it is negative (deficit). Surplus (or decrease of deficit) is favourable for the national currency rate of exchange advance. In recent years the USA trade balance is negative, that is why it is indicated as Trade Deficit. Market reaction depends on the data importance. It should be noted that trade balance volatility may be significant for GDP forecasts, as import volume is subtracted from GDP whereas export volume is added to it
| | Influence: |
In case the USA Trade Deficit decreases on export expanding, demand for the national currency (USD) increases, which stimulates the dollar advance
| | Market Importance: |
| | Released: |
Released on the 3rd week of each month (usually on Tuesday, Thursday) at 08:30 AM ET
| | Source: |
The Census Bureau of the Department of Commerce
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+7 (495) 710-76-76
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© 1998—2008 «Alpari» |
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