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29 de mar. de 2024 · 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. Balance of trade is the largest component of a...
- Will Kenton
- 2 min
The balance of trade (BOT), also known as the trade balance, refers to the difference between the monetary value of a country’s imports and exports over a given time period. A positive trade balance indicates a trade surplus while a negative trade balance indicates a trade deficit.
Hace 6 días · balance of trade, the difference in value over a period of time between a country’s imports and exports of goods and services, usually expressed in the unit of currency of a particular country or economic union (e.g., dollars for the United States, pounds sterling for the United Kingdom, or euros.
Mexico Balance of Trade. Mexico's trade deficit widened to $3.746 billion in April 2024, from $1.646 billion in the same month of 2023, well above market expectations of a $0.8 billion gap. Imports increased 15.4% year-on-year to $55.066 billion, as a 19.8% rise in purchases of non-oil goods more than offset a 28.2% decline in oil imports.
Balance of trade can be measured in terms of commercial balance, or net exports. Balance of trade is the difference between the monetary value of a nation's exports and imports over a certain time period. Sometimes a distinction is made between a balance of trade for goods versus one for services.
20 de feb. de 2024 · The Balance of Trade is the value of a country’s exports (“outflows”) minus the value of its imports (“inflows”). Often used interchangeably with the term “trade balance”, the balance of trade is perceived to be favorable to a country’s economy if its export activities exceed that of its imports.
24 de nov. de 2023 · The trade balance is the difference between a country's exports and imports. This is the formula. EX - IM = TB. where. EX = Exports. IM = Imports. TB = Trade Balance. Exports are goods or services produced in the United States and sold to a foreign country. This includes sending a pair of jeans to a friend in another country.
