Question

write a note on balance of trade

Answer 1

Answer:

here is your ans:-

Explanation:

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

The balance of trade is also referred to as the trade balance, the international trade balance, commercial balance, or the net exports

Answer 2

A balance of trade is a financial statement that shows the amount of export and import of a nation.

Explanation:

1. A balance of trade is a financial statement that is helpful in recording all exports and imports of a nation.
2. A balance of trade is an integral part of the balance of payments of a country which is a very detailed account of economic activities.
3. A positive balance on the statement of the balance of trade shows that the exports of a country are more than its import and the economy is in a strong position.