what does balance trade mean
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The balance of trade is the difference between the value of a country's imports and exports for a given period. ... Economists use the BOT to measure the relative strength of a country's economy. The balance of trade is also referred to as the trade balance or the international trade balance.
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The balance of trade is the difference between the value of a country's imports and exports for a given period. ... Economists use the BOT to measure the relative strength of a country's economy. The balance of trade is also referred to as the trade balance or the international trade balance.
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