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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.
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.
Mexico Balance of Trade. Calendar. Download. 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.
Balance of trade is the difference between the monetary value of a nation's exports and imports over a certain time period. [1] Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow variable of exports and imports over a given period of time.
20 de may. de 2024 · 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.
26 de mar. de 2022 · Updated on March 26, 2022. Reviewed by. Erika Rasure. Fact checked by Ariana Chávez. In This Article. View All. Photo: Matthew Ward / Getty Images. The balance of trade is a country's exports minus its imports. Learn about favorable and unfavorable trade balances and the balance of payments.
