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Balance Of Trade - BOT

Balance Of Trade - BOT Definition

Balance Of Trade (BOT) is the difference between the value of exports and imports in a country  over a certain period.  A positive balance means that exports were higher than imports, it is referred to as a trade surplus. A negative balance is called trade deficit. The trade balance represents the difference between a nation's total production and its domestic consumption.

Additional meaning of Balance Of Trade - BOT:
Balance Of Trade is also called net exports.


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