The balance of trade (or net exports, sometimes symbolized asNX) is the difference between the monetary value of exports andimports in an economy over a certain period of time. It is the relationship between a nation's imports and exports.[1] A positive balance of trade is known as a trade surplus and consists of exporting more than is imported; a negative balance of trade is known as a trade deficit or, informally, a trade gap. The balance of trade is sometimes divided into a goods and a services balance.
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