It’s one of the most important economic indicators. Its value may trigger long-lasting changes in monetary and foreign policies. The trade balance consists of the net difference between the exports and imports of a certain economy. The data includes six categories:
1. food,
2. raw materials and industrial supplies,
3. consumer goods,
4. autos,
5. Capital goods,
6. Other merchandise.
A separate indicator that belongs to that group is the “US – Japan Merchandise Trade Balance”.
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