Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
- frequency of use
- it is used more often in oral or written speech
- word translation options
- usage examples (several phrases with translation)
- etymology
What (who) is balance of trade - definition
.png?width=200 "Balance of trade in goods and services (Eurozone countries)")
![Cumulative current account balance '''per capita''' 1980–2008 based on [[International Monetary Fund]] data](https://commons.wikimedia.org/wiki/Special:FilePath/Cumulative Current Account Balance per capita.png?width=200 "Cumulative current account balance '''per capita''' 1980–2008 based on [[International Monetary Fund]] data")
.png?width=200 "Merchandise exports (1870–1992)")
.png?width=200 "U.K. balance of trade in goods (since 1870)")
 and Trade Policies.png?width=200 "U.S. trade balance and trade policy (1895–2015)")
Wikipedia
The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period. Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow of exports and imports over a given period of time. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other.
If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus. The notion that bilateral trade deficits are bad in and of themselves is overwhelmingly rejected by trade experts and economists.
