Siomex
38 posts
Apr 01, 2025
2:15 AM
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When a country export import data 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.
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