Source | |
Measures | Difference in value between imported and exported goods during the reported month; |
Usual Effect | 'Actual' greater than 'Forecast' is good for currency; |
Frequency | Released monthly, about 30 days after the month ends; |
Next Release | |
FF Notes | Trade in goods makes up about 75% of total trade, and therefore provides early insight into the Trade Balance data reported about 5 days later. A positive number indicates that more goods were exported than imported. Source first released in Jul 2015; |
Why Traders Care | Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers; |
Also Called | International Trade in Goods, Advance Trade In Goods; |