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  • Economic Calendar Terms

    Global Trade Balance

    Statistics Portugal
    Av. António José de Almeida,
    1000-043 LISBOA

    Imports of goods and services are recorded on the resources side of the external balance of goods and services and exports of goods and services on the uses side. The difference between resources and uses is the balancing item in the account, called 'external balance of goods and services'. If it is positive, there is a surplus for the rest of the world and a deficit for the total economy and vice versa if it is negative.

    Movement of goods, into or out of a country, that are added to or subtracted from a country's stock of goods and that are object of the statistics of the international trade