What is the record of a country's export and import of goods and services referred to as?

1 answer

Answer

1034519

2026-05-05 11:50

+ Follow

The record of a country's export and import of goods and services is referred to as its "balance of trade." This figure indicates whether a country has a trade surplus (exports exceed imports) or a trade deficit (imports exceed exports). The balance of trade is a key component of a country's overall balance of payments, affecting its economic health and currency value.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.