[dropcap]T[/dropcap]he balance of trade compares the value of a country’s exports of goods and services against its imports. When exports are greater than imports, that’s a trade surplus. Most nations view that as a favorable trade balance. A country that imports more goods and services than it exports has a trade deficit.
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BALANCE OF TRADE (Million US $)
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PERIOD
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EXPORTS
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IMPORTS
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BALANCE OF TRADE
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Feb-16
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1,863
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3,013
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-1,150
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Mar-16
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1,989
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3,235
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-1,246
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Apr-16
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1,813
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3,065
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-1,252
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May-16
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1,971
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3,804
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-1,833
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June-16
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1,864
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3,968
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-2,104
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Jul-16 P
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1,503
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3,087
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-1,584
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Aug-16 P
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1,851
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3,892
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-2,041
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Sep-16 R
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1,687
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3,236
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-1,549
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Oct-16 P
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1,820
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3,343
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-1,523
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