Siomex
41 posts
Mar 31, 2025
12:05 AM
|
When a country trades with other nations, it export import data goods (sells) or imports goods (buys). Balance of trade (BOT) is only the difference between the two. If a country exports greater than it imports, then it will have a trade surplus.
If it imports greater than it exports, then it will have a trade deficit. The balance is significant to the economy, influencing jobs, currency value, and economic growth.
|
