Balance of Trade

Tax Glossary Definition

Balance of Trade

Balance of Trade – The balance of trade measures the gap between the value of a nation’s merchandise exports and imports during a given period. It indicates how a country performs in international trade. A surplus occurs when export earnings exceed import spending, whereas a deficit arises when imports are greater than exports.

Example: If India exports goods valued at ₹500 crore and imports goods worth ₹400 crore, it records a trade surplus of ₹100 crore.

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