Trade Balance

Trade, in general connotation, means the purchase and sales of commodities. In International Trade, purchase and sale are replaced by imports and exports. Balance of Trade is simply the difference between the value of exports and value of imports. Thus, the Balance of Trade denotes the differences of imports and exports of a merchandise of a country during the course of year. It indicates the value of exports and imports of the country in question. If the value of its exports over a period exceeds its value of imports, it is called favorable balance of trade and, conversely, if the value of total imports exceeds the total value of exports over a period, it is unfavorable balance of trade. Herewith we attached the most recent trade balance between Ethiopia and different regions. Click New