What Is The Trade Balance? Know The Types And Factors That Affect It

Illustration (Photo: Doc. Antara)

YOGYAKARTA The Indonesian trade balance again experienced a surplus of US$3.94 billion in April 2023. According to a report by the Central Statistics Agency (BPS), Indonesia's trade balance has been in surplus for 36 consecutive months since May 2020. The trade balance surplus came from the non-oil and gas sector of US$5.64 billion, but was induced by a deficit in the oil and gas sector worth US$1.70 billion. So, what is the trade balance? Check out the full information below.

Quoted from the official lemuan of the Financial Services Authority, Monday, May 15, 2023, the trade balance is an effort that shows the difference in the value of export and import transactions in a country within a certain period of time.

The trade balance can also be defined as a list containing a comparison of export and import value in one year.

Types Of Trade Balance

Summarized from various sources, here are the types of trade balances that you need to know:

Factors That Affect Trade Countries

Several factors that influence the trade balance include:

That's the information about what the trade balance is, along with the types and factors that influence it. Hopefully this article can add insight to the loyal readers of VOI.ID.