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- 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 country's balance of payments (BOP).
www.investopedia.com/terms/b/bot.aspBalance of Trade (BOT): Definition, Calculation, and Examples
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Jun 27, 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...
- 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.
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.
On the Balance of Trade is an economic text on monetary economics that was written by David Hume and published in 1752. In the book, Hume examines various mistakes committed by nations regarding trade and suggests better alternatives.
Jul 17, 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.
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.
Jun 6, 2024 · The Balance of Trade (BoT) is the difference between the total value of exports and the total value of imports of a country within a time period. It is also referred to as trade balance, commercial balance or net exports (NX).
