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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...
- 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.
26 de mar. de 2022 · The balance of trade is a country's exports minus its imports. Learn about favorable and unfavorable trade balances and the balance of payments.
- Kimberly Amadeo
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.
What Is Balance Of Trade (BOT)? The value of a country's exports minus its imports is the balance of trade. It's the most essential part of the balance of payments, which tracks all foreign transactions. Because all commodities and many services travel through the customs office, it's simple to calculate.
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.
the difference between the money that a country receives from exports and the money it spends on imports: Official figures yesterday showed the balance of trade in goods plunged to a record deficit. balance of trade deficit / surplus. adverse / favourable balance of trade.
