What Is A Countries Trade Balance? Balance of trade (BOT) is the difference between the value of a country’s exports and the value of a country’s imports for a given period. … The balance of trade is also referred to as the trade balance, the international trade balance, commercial balance, or the net exports. Which
What Is Trade Balance What Are Its Two Components Explain? Definition: The balance of trade compares the value of a country’s exports of goods and services against its imports. When exports are greater than imports, that’s a trade surplus. … The opposite, when the value of imports outweighs the value of exports, is a trade
What Is Trade Balance For A Country? Balance of trade (BOT) is the difference between the value of a country’s exports and the value of a country’s imports for a given period. … The balance of trade is also referred to as the trade balance, the international trade balance, commercial balance, or the net exports.