Balance of payments and foreign trade (imports and exports)
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The balance of payments is the systematic registration of all economic transactions undertaken between the residents of a country and the rest of the world. Its main components are the current account, the capital account and the official reserves account. Each transaction is incorporated in the balance of payments as a credit or a debit. A credit is a transaction involving payment from foreigners; a debit is a transaction resulting in a payment to foreigners. The trade balance is part of the balance of payments that contemplates imports and exports of merchandise or tangible goods. On the web site you can consult:
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