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| This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition. |
Trade Balance, also known as net exports, measures the difference between the value of goods a country exports and the value of the goods it imports. A positive trade balance indicates the country has a trade surplus and a negative trade balance means the country has a trade deficit. A country's trade balance is an essential value when calculating gross domestic product and is also useful when measuring to degree to which a country relies on imported goods.
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