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Balance of trade is the difference that is between the value of a country's exports and the value of its imports.
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What is a balance of trade?</h3>
Your information is incomplete. Therefore, an overview will be given. The balance of trade or net exports, is the difference between the monetary value of a nation's exports and imports over a period.
The balance of Trade formula = Country's Exports – Country's Imports.
For example, suppose the USA imported $1.8 trillion but exported $1.2 trillion to other countries, then the USA had a trade balance of -$600 billion.
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