Monitor UK Goods Trade Balance to gauge export demand's impact on GBP and domestic production.
The demand for exports is closely tied to currency demand, as foreign buyers need to acquire the local currency to purchase a country's exports. Additionally, export demand affects both production levels and pricing at domestic manufacturers. A positive figure indicates that exports have surpassed imports.
What it Measures
This metric represents the difference in value between goods imported and exported during the specified month.
Usual Effect
'Actual' numbers exceeding 'Forecast' are favorable for the currency.
Source & Frequency
Office for National Statistics (latest release) - https://www.gov.uk/government/statistics • This data is published monthly, approximately 40 days following the end of the month.
How Data is Derived
N/A
Also Known As
Visible Trade Balance
Acronym
N/A