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The Trade Balance n.s.a. reflects a change between exports and imports in the eurozone over a selected period. Economists use the Trade Balance to evaluate the structure of trade flows between countries. First, the trade balance is calculated for individual eurozone Member States, and then the balances are compiled into a single figure. The calculation is complicated, since different methodologies are used for collecting data and calculating indicators in different EU countries. However, the trade balance is considered an important indicator of development and the vector of trade flows.
A trade deficit is formed when more goods and services are imported than exported. For highly developed economies, like the eurozone, it means that labor-intensive production is transferred abroad, thus restraining inflation and maintaining high standard of living. A trade deficit in these cases is covered by other methods of economic interaction, for example by issuing debt instruments.
When exports exceed imports, a trade surplus is formed. It is an indication of high production level. It also shows that the nation produces more goods and services than it can consume.
The impact of the Trade Balance on the euro quotes is ambiguous and depends on the context of business cycles and other economic indicators, such as production dynamics. For example, in economy recession conditions, countries begin to export more in order to create jobs. Conversely, if the economy grows rapidly, developed countries prefer to develop imports in order to ensure price competition. These developments affect the euro accordingly.
The chart of the entire available history of the "European Union Trade Balance n.s.a." macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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