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29 de mar. de 2024 · Balance of trade (BOT) is the difference between the value of a country's imports and exports for a given period and is the largest component of a country's balance of payments (BOP).
- 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.
Economics, Philosophy. Publication date. 1752. 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.
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 mai. 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.
20 de fev. 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 · Resources. Technical Skills. Economics Articles. Balance of Trade (BOT) The value of a country's exports minus its imports. Author: Adin Lykken. Reviewed By: Josh Pupkin. Last Updated: November 24, 2023. What Is Balance Of Trade (BOT)? The value of a country's exports minus its imports is the balance of trade.
