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- 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.
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoThe term Balance of Trade (or BOT) is the largest component of a country's current account in its balance of payments (BOP) accounts. It means the difference between export earnings and import expenditure. 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.' Also called trade balance.
Wiki User
∙ 10y agoFirst let know what is the Balance of Trade (BOT). BOT shows the difference between export earnings and import expenditure.
BOT 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.'
Wiki User
∙ 11y agoSimply put, selling more to overseas markets than is purchased from overseas markets.
Wiki User
∙ 8y agoTrade Deficit refers to a negative balance of trade involving higher imports and lower exports.
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What is meant by the balance of trade?
The one says the balance of trade, what is meant by that is the outgoing product compared to your incoming product, to be evenly balanced would mean no profit. You want your balance of trade to be more incoming money than outgoing product.
What is the difference between the balance of trade and the balance of payments?
the balance of trade is how much you receive the balance of payment is how much you pay
What is balence of trade mean?
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
Negative balance of trade?
A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit.
What is meant by the balance of trade?
The one says the balance of trade, what is meant by that is the outgoing product compared to your incoming product, to be evenly balanced would mean no profit. You want your balance of trade to be more incoming money than outgoing product.
How is balance of trade made plural?
The plural of balance of trade is "balances of trade."
What is mean trade?
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
What is the difference between the balance of trade and the balance of payments?
the balance of trade is how much you receive the balance of payment is how much you pay
What is balence of trade mean?
Basically, the balance of trade is when the difference in value between a country's imports and exports is more or less equal.
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
What Is Balance Of Trade Of India?
deffinition ofbalance of trade of India? what is balance of trade of India? give the detail this question.
Negative balance of trade?
A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit.
Import export balance of trade?
Import-export balance of trade as captured in the Balance of Trade, is an economic measure of the country's imports ad exports, and their relationship.
Is there a trade inblanse with Canada and Mexico?
You mean against the United States or between them? Mexican-Canadian trade balance usually favors Canada; in the case of US-Canadian and US-Mexican trade balance, it usually favors both Canada and Mexico.
What is meant by invisible balance of trade?
Invisible balance of trade is the difference in value over a period of time of a country's imports and exports of services and payments of property incomes
Balance of trade?
The difference between the value of imports and exports of a country is the balance of trade. It is a country's largest component of balance of payments.
