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Groups goods, services, income and unilateral net transfers together by the transactions that take place outside of a country during a determined period of time.
Another way to describe a trade balance when referring to the international commerce of a country (or business).
In this case, if the current account balance is positive, there has been more exports than imports (in terms of monetary value), which leads to a surplus.
On the contrary, if the balance is negative, the monetary value of the imports has been higher than that of the exports, which leads to a deficit.