Balance of Trade - Definition

Calculated by subtracting imports from exports. A negative balance of trade (when imports exceed exports) is called a "Deficit", while a positive balance is known as a "surplus". The trade balance is inversely proportional to the difference between savings and Investment.



Terms near "Balance of Trade"

Balance Sheet
BAM
Bank Credit
Bank Line
Bank of England
Banknotes
Bar Chart
Bar Graph
Barrier Option
Base Currency
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