This table provides metadata for the actual indicator available from Vanuatu statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Vanuatuan statistics, this table should be consulted for information on national methodology and other Vanuatu-specific metadata information.
| Proxy |
No |
|---|---|
| Definition |
The “Balance of Trade by Major Partner Countries” indicator measures the difference between the value of a country’s exports and imports with its major trading partner countries over a specific period, usually annually or quarterly. This balance indicates whether the country has a trade surplus (exports exceed imports) or a trade deficit (imports exceed exports) with each of its key trading partners. |
| Concept |
This indicator tracks the trade relationships between a country and its major trading partners by calculating the balance of trade for each partner. The balance of trade is a critical component of a country’s current account and reflects the competitiveness of its goods and services in international markets. By focusing on major trading partners, this indicator provides insights into the bilateral trade dynamics that are most significant to the country’s economy. |
| Disaggregation |
Country |
| Rationale |
Monitoring the balance of trade by major partner countries is crucial for understanding the structure of a country’s external trade and its economic relationships with key international markets. A trade surplus with a major partner may indicate a strong competitive position in that market, while a trade deficit could suggest reliance on imports or challenges in export performance. |
| Method of Computation |
To compute the “Balance of Trade by Major Partner Countries,” first identify the country’s major trading partners based on trade volume and value. Then, collect data on the total value of exports to and imports from each of these partners for the specified period. Calculate the trade balance for each partner by subtracting the value of imports from the value of exports. A positive balance indicates a trade surplus, while a negative balance indicates a trade deficit. Formula: Trade Balance with Country X= Value of Exports to Country X – Value of Imports from Country X |
| Sustainable Development Goal Indicator Alignment |
17.11.1 |
| Unit of Measurement |
Vatu in Millions |
| Frequency of Collection |
Monthly |