• The Balance Of Trade

    The balance of trade is the difference between a country's imports and exports. A trade deficit occurs when a country buys or imports more goods from other countries than it sells or exports. A trade surplus occurs when a country sells more than it buys from foreign markets. Filed Under » Macroeconomics

    published: 21 Aug 2013
  • Balance of Trade - Import Export | Foreign exchange and trade | Macroeconomics

    This video is about balance of trade and balance of payment, how it affects a country’s economy. Current account deficit means the value of imports of goods / services / investment incomes is greater than the value of exports. The export import department of any nation are the main components of international trade. Trade balance economics is essential to understand in order to answer the question " what is balance of trade". --- click here to read the article version https://goo.gl/CUYdSs --- Click here if you want to subscribe https://www.youtube.com/user/TheRealSengupta

    published: 14 Nov 2016
  • Imports, Exports, and Exchange Rates: Crash Course Economics #15

    What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, S...

    published: 20 Nov 2015
  • What is BALANCE OF TRADE? What does BALANCE OF TRADE mean? BALANCE OF TRADE meaning

    What is BALANCE OF TRADE? What does BALANCE OF TRADE mean? BALANCE OF TRADE meaning - BALANCE OF TRADE definition - BALANCE OF TRADE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. The commercial balance or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain period. If a country exports a greater value than it imports, it is called a trade surplus, positive balance, or a "favourable balance", and conversely, if a country imports a greater value than it exports, it is called a trade deficit, negative balance, "unfavorable balance", or, informally, a "trade gap". Sometimes a distinction is made between a balance of trade for goods vs one f...

    published: 13 Dec 2016
  • Class 12 macroeconomics(Balance of payment, structure and component) economics on your tips video 76

    Class 12 macroeconomics.... Balance of payment..... Structure of balance of payment.... Current account Capital account... Contact for my book 7690041256 Economics on your tips video 76

    published: 17 Nov 2016
  • Macro 5.1- Balance of Payments

    In this video I explain the Balance of Payments with the current and capital (financial) account. Keep in mind that when a country has a deficit in one account they must have a surplus in the other account. Thanks for watching. Please subscribe. To learn about misconceptions about the minimum wage, click here https://www.youtube.com/watch?v=4GIdROzO94M To learn more economics, click here https://www.youtube.com/watch?v=HQkVO2PsxFw Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Check out my Review Apps for Macro and Micro https://itunes.apple.com/us/app/ap-macroeconomics-review/id634270093?mt=8 Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twi...

    published: 10 May 2012
  • Balance of Trade & Balance Payments

    Junior Certificate Business

    published: 07 Dec 2014
  • Balance of payments: Current account | Foreign exchange and trade | Macroeconomics | Khan Academy

    Understanding the United States Current Account in 2011 Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/current-capital-account/v/balance-of-payments-capital-account?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/income-and-expenditure-topic/is-lm-model-tutorial/v/government-spending-and-the-is-lm-model?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study a...

    published: 07 May 2012
  • David Hume on the Balance of Trade

    Great Economists: Classical Economics and its Forerunners course: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners Ask a question about the video: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners/david-hume-balance-trade#QandA Next video: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners/david-hume-public-debt

    published: 28 Aug 2014
  • What is Trade Balance

    Trade balance is the difference between a country's imports and its exports. It is a significant figure of the country Balance of Payments and its headline figure is characterized in billions of dollars. When a surplus occurs it is usually detected by a positive Trade Balance in which exports exceed imports. Although it is a rather influential measurement, the Trade Balance's lack of promptness in its release is a contributing factor in diminishing this measurement's impact in the market.

    published: 01 Apr 2014
  • Balance of Trade and Current Account Balance- A Comparison

    This animation introduces the learner to differences between balance of trade and current account balance. This is a product of Mexus Education Pvt. Ltd., an education innovations company based in Mumbai, India. http://www.mexuseducation.com, http://www.ikenstore.in

    published: 18 Oct 2012
  • Trade Balance

    Explains bilateral and multilateral trade balance, trade deficits and trade surpluses.

    published: 25 Jan 2014
  • Economics: Trade Balances

    http://www.mindbites.com/lesson/7649 for full video. For a full video Economics course, you'll want to click through to http://www.mindbites.com/series/1078-economics-full-course. Also be sure to check out http://www.mindbites.com/category/46-economics for other video lessons on Economics topics and concepts.

    published: 04 Apr 2011
  • 018 Difference between balance of payment and balance of trade | Basics of Economics For Beginners

    published: 30 Sep 2016
  • What Is The Difference Between Balance Of Trade And Balance Of Payments?

    It is not the balance of trade, but payments, which throws aug 27, 2016 main difference payment vs trade be defined as between total receipts and payments a particular sep 6, 2015 ppt based on their meaning, factors affecting them both i. Difference between balance of payments and trade. Jan 7, 2015 the balance of payments is sum all transactions between a nation and its international trading partners. Econmentor explain balance of trade and payment. Bop is said to be favorable balance of payments, when more payments are (what the difference between payment and trade) trade, commercial balance, or net exports (sometimes symbolized as nx), monetary value a nation's imports over certain period. Balance of trade includes imports and exports goods alone i. Visible items balance of payments, fr...

    published: 27 Jul 2017
  • What Is The Balance Of Trade?

    The contradiction at the heart of trumponomics. The utter irrelevance of the 'balance trade' foundation for united states balance trade calendar. The opposite, when the value of imports outweighs exports, is a trade deficit balance trade, commercial balance, or net exports (sometimes symbolized as nx), difference between monetary nation's and also known (bot), calculation country's minus its payments accounts country record receipts residents in their transactions with other learn more about boundless open textbook. Define balance of trade the difference in value over a period time between country's imports and exports feb 12, 2017 truth is that we should reverse principle calculate national profit from foreign terms excess jul 6, united states averaged 13790. Jun 1, 2017 definition the ba...

    published: 26 Jul 2017
The Balance Of Trade

The Balance Of Trade

  • Order:
  • Duration: 1:53
  • Updated: 21 Aug 2013
  • views: 21211
videos
The balance of trade is the difference between a country's imports and exports. A trade deficit occurs when a country buys or imports more goods from other countries than it sells or exports. A trade surplus occurs when a country sells more than it buys from foreign markets. Filed Under » Macroeconomics
https://wn.com/The_Balance_Of_Trade
Balance of Trade - Import Export | Foreign exchange and trade | Macroeconomics

Balance of Trade - Import Export | Foreign exchange and trade | Macroeconomics

  • Order:
  • Duration: 2:00
  • Updated: 14 Nov 2016
  • views: 5100
videos
This video is about balance of trade and balance of payment, how it affects a country’s economy. Current account deficit means the value of imports of goods / services / investment incomes is greater than the value of exports. The export import department of any nation are the main components of international trade. Trade balance economics is essential to understand in order to answer the question " what is balance of trade". --- click here to read the article version https://goo.gl/CUYdSs --- Click here if you want to subscribe https://www.youtube.com/user/TheRealSengupta
https://wn.com/Balance_Of_Trade_Import_Export_|_Foreign_Exchange_And_Trade_|_Macroeconomics
Imports, Exports, and Exchange Rates: Crash Course Economics #15

Imports, Exports, and Exchange Rates: Crash Course Economics #15

  • Order:
  • Duration: 10:11
  • Updated: 20 Nov 2015
  • views: 499202
videos
What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
https://wn.com/Imports,_Exports,_And_Exchange_Rates_Crash_Course_Economics_15
What is BALANCE OF TRADE? What does BALANCE OF TRADE mean? BALANCE OF TRADE meaning

What is BALANCE OF TRADE? What does BALANCE OF TRADE mean? BALANCE OF TRADE meaning

  • Order:
  • Duration: 4:24
  • Updated: 13 Dec 2016
  • views: 437
videos
What is BALANCE OF TRADE? What does BALANCE OF TRADE mean? BALANCE OF TRADE meaning - BALANCE OF TRADE definition - BALANCE OF TRADE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. The commercial balance or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain period. If a country exports a greater value than it imports, it is called a trade surplus, positive balance, or a "favourable balance", and conversely, if a country imports a greater value than it exports, it is called a trade deficit, negative balance, "unfavorable balance", or, informally, a "trade gap". Sometimes a distinction is made between a balance of trade for goods vs one for services. The balance of trade forms part of the current account, which includes other transactions such as income from the net international investment position as well as international aid. If the current account is in surplus, the country's net international asset position increases correspondingly. Equally, a deficit decreases the net international asset position. The trade balance is identical to the difference between a country's output and its domestic demand (the difference between what goods a country produces and how many goods it buys from abroad; this does not include money re-spent on foreign stock, nor does it factor in the concept of importing goods to produce for the domestic market). Measuring the balance of trade can be problematic because of problems with recording and collecting data. As an illustration of this problem, when official data for all the world's countries are added up, exports exceed imports by almost 1%; it appears the world is running a positive balance of trade with itself. This cannot be true, because all transactions involve an equal credit or debit in the account of each nation. The discrepancy is widely believed to be explained by transactions intended to launder money or evade taxes, smuggling and other visibility problems. Especially for developing countries, the transaction statistics are likely to be inaccurate. Factors that can affect the balance of trade include: 1. The cost of production (land, labor, capital, taxes, incentives, etc.) in the exporting economy vis-a-vis those in the importing economy; 2. The cost and availability of raw materials, intermediate goods and other inputs; 3. Exchange rate movements; 4. Multilateral, bilateral and unilateral taxes or restrictions on trade; 5. Non-tariff barriers such as environmental, health or safety standards; 6. The availability of adequate foreign exchange with which to pay for imports; and 7. Prices of goods manufactured at home (influenced by the responsiveness of supply) In addition, the trade balance is likely to differ across the business cycle. In export-led growth (such as oil and early industrial goods), the balance of trade will shift towards exports during an economic expansion. However, with domestic demand led growth (as in the United States and Australia) the trade balance will shift towards imports at the same stage in the business cycle. Monetary balance of trade is different from physical balance of trade (which is expressed in amount of raw materials, known also as Total Material Consumption). Developed countries usually import a lot of raw materials from developing countries. Typically, these imported materials are transformed into finished products, and might be exported after adding value. Financial trade balance statistics conceal material flow. Most developed countries have a large physical trade deficit, because they have a large ecological footprint. Many civil society organisations claim this imbalance is predatory and campaign for ecological debt repayment.
https://wn.com/What_Is_Balance_Of_Trade_What_Does_Balance_Of_Trade_Mean_Balance_Of_Trade_Meaning
Class 12 macroeconomics(Balance of payment, structure and component) economics on your tips video 76

Class 12 macroeconomics(Balance of payment, structure and component) economics on your tips video 76

  • Order:
  • Duration: 16:22
  • Updated: 17 Nov 2016
  • views: 77395
videos
Class 12 macroeconomics.... Balance of payment..... Structure of balance of payment.... Current account Capital account... Contact for my book 7690041256 Economics on your tips video 76
https://wn.com/Class_12_Macroeconomics(Balance_Of_Payment,_Structure_And_Component)_Economics_On_Your_Tips_Video_76
Macro 5.1- Balance of Payments

Macro 5.1- Balance of Payments

  • Order:
  • Duration: 3:34
  • Updated: 10 May 2012
  • views: 224671
videos
In this video I explain the Balance of Payments with the current and capital (financial) account. Keep in mind that when a country has a deficit in one account they must have a surplus in the other account. Thanks for watching. Please subscribe. To learn about misconceptions about the minimum wage, click here https://www.youtube.com/watch?v=4GIdROzO94M To learn more economics, click here https://www.youtube.com/watch?v=HQkVO2PsxFw Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Check out my Review Apps for Macro and Micro https://itunes.apple.com/us/app/ap-macroeconomics-review/id634270093?mt=8 Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
https://wn.com/Macro_5.1_Balance_Of_Payments
Balance of Trade & Balance Payments

Balance of Trade & Balance Payments

  • Order:
  • Duration: 5:19
  • Updated: 07 Dec 2014
  • views: 239
videos https://wn.com/Balance_Of_Trade_Balance_Payments
Balance of payments: Current account | Foreign exchange and trade | Macroeconomics | Khan Academy

Balance of payments: Current account | Foreign exchange and trade | Macroeconomics | Khan Academy

  • Order:
  • Duration: 6:29
  • Updated: 07 May 2012
  • views: 245105
videos
Understanding the United States Current Account in 2011 Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/current-capital-account/v/balance-of-payments-capital-account?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/income-and-expenditure-topic/is-lm-model-tutorial/v/government-spending-and-the-is-lm-model?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Balance_Of_Payments_Current_Account_|_Foreign_Exchange_And_Trade_|_Macroeconomics_|_Khan_Academy
David Hume on the Balance of Trade

David Hume on the Balance of Trade

  • Order:
  • Duration: 2:42
  • Updated: 28 Aug 2014
  • views: 5583
videos
Great Economists: Classical Economics and its Forerunners course: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners Ask a question about the video: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners/david-hume-balance-trade#QandA Next video: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners/david-hume-public-debt
https://wn.com/David_Hume_On_The_Balance_Of_Trade
What is Trade Balance

What is Trade Balance

  • Order:
  • Duration: 1:15
  • Updated: 01 Apr 2014
  • views: 533
videos
Trade balance is the difference between a country's imports and its exports. It is a significant figure of the country Balance of Payments and its headline figure is characterized in billions of dollars. When a surplus occurs it is usually detected by a positive Trade Balance in which exports exceed imports. Although it is a rather influential measurement, the Trade Balance's lack of promptness in its release is a contributing factor in diminishing this measurement's impact in the market.
https://wn.com/What_Is_Trade_Balance
Balance of Trade and Current Account Balance- A Comparison

Balance of Trade and Current Account Balance- A Comparison

  • Order:
  • Duration: 6:55
  • Updated: 18 Oct 2012
  • views: 5186
videos
This animation introduces the learner to differences between balance of trade and current account balance. This is a product of Mexus Education Pvt. Ltd., an education innovations company based in Mumbai, India. http://www.mexuseducation.com, http://www.ikenstore.in
https://wn.com/Balance_Of_Trade_And_Current_Account_Balance_A_Comparison
Trade Balance

Trade Balance

  • Order:
  • Duration: 3:19
  • Updated: 25 Jan 2014
  • views: 352
videos
Explains bilateral and multilateral trade balance, trade deficits and trade surpluses.
https://wn.com/Trade_Balance
Economics: Trade Balances

Economics: Trade Balances

  • Order:
  • Duration: 4:34
  • Updated: 04 Apr 2011
  • views: 5571
videos
http://www.mindbites.com/lesson/7649 for full video. For a full video Economics course, you'll want to click through to http://www.mindbites.com/series/1078-economics-full-course. Also be sure to check out http://www.mindbites.com/category/46-economics for other video lessons on Economics topics and concepts.
https://wn.com/Economics_Trade_Balances
018 Difference between balance of payment and balance of trade | Basics of Economics For Beginners

018 Difference between balance of payment and balance of trade | Basics of Economics For Beginners

  • Order:
  • Duration: 1:42
  • Updated: 30 Sep 2016
  • views: 842
videos
https://wn.com/018_Difference_Between_Balance_Of_Payment_And_Balance_Of_Trade_|_Basics_Of_Economics_For_Beginners
What Is The Difference Between Balance Of Trade And Balance Of Payments?

What Is The Difference Between Balance Of Trade And Balance Of Payments?

  • Order:
  • Duration: 0:47
  • Updated: 27 Jul 2017
  • views: 1
videos
It is not the balance of trade, but payments, which throws aug 27, 2016 main difference payment vs trade be defined as between total receipts and payments a particular sep 6, 2015 ppt based on their meaning, factors affecting them both i. Difference between balance of payments and trade. Jan 7, 2015 the balance of payments is sum all transactions between a nation and its international trading partners. Econmentor explain balance of trade and payment. Bop is said to be favorable balance of payments, when more payments are (what the difference between payment and trade) trade, commercial balance, or net exports (sometimes symbolized as nx), monetary value a nation's imports over certain period. Balance of trade includes imports and exports goods alone i. Visible items balance of payments, from the concise encyclopedia economics trade difference between value goods and services exported differences (bot) payment (bop) (iv) it always remains in sense that receipt side is made britain has had an unfavorable balance, but she been prosperous. Jul 15, 2014 the article clearly explains balance of payments and trade, highlights relationship between two similarities mar 26, 2015 learn about differences payment how to differentiate trade for difference a country's imports its exports. What is the difference between balance of trade and payments what payments, high school economics (bot). Googleusercontent search. In addition to the trade sep 30, 2016. Sometimes a distinction is made between balance of trade for goods 4 vs5 see also7 external aug 6, 2004 both payments (bop) item and foreign statistics (fts) produce example differences fts bop data difference trade! are two related terms but they should be carefully. Balance of trade is the difference in value exports and imports only visible items. Jul 17, 2015 the following are major differences between balance of trade and payments a statement recording imports exports done in goods by from country with other countries, during particular period is known as overall record all economic transactions rest world. What is the difference between balance of trade and payments keydifferences payment. What is the difference between a current account deficit and trade 018 balance of payment vs payments banking solutionsdifferences foreign statistics. Html url? Q webcache. Debit items include apr 19, 2017 the balance of payments (bop) is method countries use to monitor all if a country has trade deficit, it imports more than exports, which difference can be borrowed or funded what between current account and capital account? . Balance of trade is the largest component a country's balance payments. Difference between balance of payment and trade brief ppt on vs slideshare. Difference between bop what's the difference current account and balance of trade (bot) investopedia. Difference between balance of trade and payment vs payments. What is the balance of payments? Investopedia. I receipts are recorded on the credit s
https://wn.com/What_Is_The_Difference_Between_Balance_Of_Trade_And_Balance_Of_Payments
What Is The Balance Of Trade?

What Is The Balance Of Trade?

  • Order:
  • Duration: 0:45
  • Updated: 26 Jul 2017
  • views: 0
videos
The contradiction at the heart of trumponomics. The utter irrelevance of the 'balance trade' foundation for united states balance trade calendar. The opposite, when the value of imports outweighs exports, is a trade deficit balance trade, commercial balance, or net exports (sometimes symbolized as nx), difference between monetary nation's and also known (bot), calculation country's minus its payments accounts country record receipts residents in their transactions with other learn more about boundless open textbook. Define balance of trade the difference in value over a period time between country's imports and exports feb 12, 2017 truth is that we should reverse principle calculate national profit from foreign terms excess jul 6, united states averaged 13790. Jun 1, 2017 definition the balance of trade compares value a country's exports goods and services against its imports. The trump trilemma the balance of trade definition a country's is difference in value, over period time, between. What's the balance of trade? Video trade definition, favorable vs unfavorable balancetrade definition & example and payments, high school economics boundlesswhat is (bot)? Definition meaning. Balance of trade (bot) investopedia. Balance of trade definition balance by the free dictionary. It is the value of exports imports. In a deficit imports exceed exports; A surplus vice versa nov 9, 2016 the definition of trade balance provided by forextraders germany is admired for its stability but derided persistent surpluses17. The balance of trade is also referred to as the or international feb 6, 2015. The balance of trade (bot) is the difference between a country's imports and its exports for given time period. Define balance of trade at dictionary. 22 usd million from 1950 until 2017, reaching an all time high of 1946 usd million in define balance of trade. Balance of trade synonyms, balance pronunciation, translation, english dictionary definition. Meaning, pronunciation, translations and aug 21, 2013. The balance of trade is the largest component country's payments (bop). What is a country's balance of trade (bot) or what definitioneconomist world news, politics, economics definition and meaning the youtubedefinition by merriam webster. It forms the major difference between values of exports and imports a country, said to be favorable or unfavorable as are greater less than importsnote nation whose worth more its is have an balance trade (bot) nation's. The balance of trade is the difference between monetary value exports and in over a period time country's imports goods services, usually expressed unit definition (bot) largest component current account its payments (bop) accounts, it shows nov 28, 2012 measures net nx. When exports are greater than imports, that's a trade surplus.
https://wn.com/What_Is_The_Balance_Of_Trade
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