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Cvv balance checker software9/3/2023 This simply means that when a country imports more goods than it exports, it experiences a trade deficit. Balance of trade is an important component of a country’s balance of payments and is an important indicator of the country’s trade.Ī positive balance of trade indicates the country’s trade surplus while a negative balance of trade indicates trade deficit. The difference between a country’s value of exports and value of imports over a certain period of time is called the balance of trade or BOT which is sometimes also called the trade balance.
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