A trade balance is the difference between the value of a country’s exports to other countries compared with imports from them. A positive balance is generated when a country exports more than it imports and is referred to as a trade surplus. A negative balance is referred to as a trade deficit or trade gap and shows the opposite situation.
For more information about Britain’s trade in pharmaceuticals, please visit Pharmaceutical trade in the UK.
The UK is ranked in the group of countries with substantial positive trade balances. The table below shows the trade values in £million for a number of key countries (sorted by Balance £thousands).