What is balance of trade (BOT)?

Largest component of a country's current account in its balance of payments (BOP) accounts, it shows ...

	Thursday, February 12, 2015 balance of trade (BOT)   Term of the Day balance of trade (BOT) Largest component of a country's current account in its balance of payments (BOP) accounts, it shows the difference between export earnings and import expenditure. Called 'favorable' when the amount realized from physical (or tangible or visible) exports is more than the amount spent on physical imports, otherwise called 'unfavorable.' Also called trade balance. Learn more about this term Usage Example The government reacted by importing Russian wheat, which created a negative balance of trade.   Featured Article How Small Business Culture Can Create Success What do you think of when you think about small business culture? It can mean many things depending on who you talk to. It can be a "brand," motto, values, ... Read this article   Voice Your Opinion If you could be anywhere in the world right now, where would you be?   Take us with you! Download the BusinessDictionary app today.
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