Siomex
37 posts
Mar 31, 2025
2:09 AM
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When a country trades with other nations, it exports 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. export import data
Last Edited by Siomex on Mar 31, 2025 2:09 AM
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