Definition: Balance of exports and imports

Category: Purchasing power parities

The f.o.b. (Free on board) value of exports of goods and services less the f.o.b. value of imports of goods and services. If no distinction between goods and services is required, it may be defined as the f.o.b. value of exports of goods and services less the c.i.f. (cost-insurance-freight) value of imports of goods and services. http://ec.europa.eu/eurostat/product?code=KS-RA-12-023&mode=view Eurostat and Organization for Economic Cooperation and Development (OECD), "Eurostat - OECD Methodological manual on purchasing power parities (2005 Edition)", Methods and Nomenclatures, Office for Official Publications of the European Communities, Luxembourg, 2006European Union, Regulation (EC) No 1445/2007 of the European Parliament and of the Council of 11 December 2007 establishing common rules for the provision of basic information on Purchasing Power Parities and for their calculation and dissemination, Official Journal of the European Union No L 336, 20.12.2007, p. 1 - 24