Right now (June 2014), it is favorable by some USD 423 million.
Favorable
Yes, as the balance of trade is only one part of the balance of payments
it shows up as a trade deficit with the soncumer-goods-exporting nation.
noun the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports. ----
Let us first define what is the Balance of Trade (BOT). BOT is the difference between export earnings and import expenditure. Accordingly it called unfavorable balance of trade when the amount realized from physical (or tangible or visible) exports is less than the amount spent on physical imports, otherwise it is called 'favorable' Balance of Trade.
pay more than foreign exchange
porcelain, exotic tea, and silk.
porcelain, exotic tea, and silk.
creation of a favorable balance of trade
seeking a favorable trade balance
The term Balance of Trade (or BOT) is the largest component of a country's current account in its balance of payments (BOP) accounts.It shows the difference between export earnings and import expenditure.It is called 'favorable' when the amount realized from physical (or tangible or visible) exports is more than the amount spent on physical imports, otherwise called 'unfavorable.'It is called also trade balance.
The term Balance of Trade (or BOT) is the largest component of a country's current account in its balance of payments (BOP) accounts.It shows the difference between export earnings and import expenditure.It is called 'favorable' when the amount realized from physical (or tangible or visible) exports is more than the amount spent on physical imports, otherwise called 'unfavorable.'It is called also trade balance.