|Medium||£-12.231 B||£-12.353 B||
£-11.677 B Revised from £-10.781 B
Trade Balance is calculated as the difference in value between imported and exported goods and services. If the national exports exceed imports, a positive balance is formed. Otherwise there is a trade deficit.
The Trade Balance is a measure of the UK economic development. Import is an indication of domestic demand; export shows external demand. A positive trade balance can have a positive effect on British pound quotes, because exporters need to buy British currency in order to pay to manufacturers.