Trade BalanceWhat is the essence: That is the difference between the national exports and imports volume. When the exports’ value far exceeds the imports’ value, it’s a positive trade balance. And vice versa: when the imports value is significantly higher than the exports value, a trade deficit arises.
Why it should be followed: the report serves as a lagging indicator of the country's economy. In addition, countries that have a significant trade deficit can accumulate large amounts of debt, which, in turn, leads to the devaluation of the national currency.
When data is published: the 19th of each month.