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Balance of trade


Balance of Trade - Import Export | Foreign exchange and trade | Macroeconomics


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Investopedia Video: The Balance Of Payments


David Hume on the Balance of Trade

The balance of trade, commercial balance, or net exports, is the difference between the monetary value of a nation's exports and imports over a certain period. Sometimes a distinction is made between a balance of trade for goods versus one for services. "Balance of trade" can be a misleading term because trade measures a flow of exports and imports over a given period of time, rather than a balance of exports and imports at a given point in time. Also, balance of trade does not mean that exports and imports are "in balance" with each other or anything else.
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