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Hace 5 días · 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.
13 de jun. de 2024 · Balance of Trade (BoT) refers to the difference between the value of a country's exports and imports of goods over a specific period, typically a year or a quarter. It is a key component of the current account in the Balance of Payments (BOP) and is used to gauge a nation's economic health and international trade performance.
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.
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
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.
Balance of Trade in Mexico averaged -295.69 USD Million from 1980 until 2024, reaching an all time high of 6274.69 USD Million in December of 2020 and a record low of -6262.32 USD Million in January of 2022.
