Question

what fo you mean by balance trade answer in one sentence

Answer 1

The balance of trade is the difference between the value of a country's import and its export for a given period.

Answer 2

Answer:

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. ... Sometimes the balance of trade between a country's goods and the balance of trade between its services are distinguished as two separate figures.