This economic indicator reflects the
balance between a country's exports and imports of goods and services, representing a vital aspect of its trade dynamics. By calculating the difference between what a nation sells to the global market and what it
purchases from abroad, this metric provides valuable insights into its economic health and international competitiveness. Transactions included encompass all goods and services exchanged, revealing how integrated a country is within the global economy. Presented in current U.S. dollars, these figures highlight fluctuations in trade volume influenced by factors such as exchange rates, economic policies, and global demand trends. Understanding this balance is essential for evaluating a country’s economic strategy and its implications for domestic growth and employment.
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