Domain : Macroeconomic statistics
Circuit : International trade
Modified : 2023-27-06
Balance of trade
Foreign Trade
It expresses the difference between the total value of exports and the total value of imports of goods for a given period of time.
Statistical Office of the Slovak Republic
Difference between the total value of exports and the total value of imports of goods:
1. Active trade balance - the value of exports is higher than the value of imports (surplus)
2. Passive trade balance - the value of exports is lower than the value of imports (deficit)
Regulation (EU) 2019/2152 of the European Parliament and of the Council of 27 November 2019 on European business statistics, repealing 10 legal acts in the field of business statistics.
Commission Implementing Regulation (EU) 2020/1197 of 30 July 2020 laying down technical specifications and arrangements pursuant to Regulation (EU) 2019/2152 of the European Parliament and of the Council on European business statistics repealing 10 legal acts in the field of business statistics.