What is the trade gap between exports and imports?

The trade gap, also known as the trade balance, refers to the difference between a country's exports and imports of goods and services. A positive trade balance indicates that exports exceed imports, resulting in a trade surplus, while a negative balance signifies that imports surpass exports, leading to a trade deficit. The trade gap is an important economic indicator, reflecting a nation's economic health and its competitiveness in global markets. Changes in the trade gap can influence currency values, employment, and overall economic growth.