Balance of Trade means ........

Economic Affairs Balance of Payments

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Balance of Trade means:

Sum of all the economic transportation of a nation with the rest of the world

Value of exports as compared to value of imports

Payment for invisible items and receipts on account of invisible items

The difference between the total value of exports and the total value of imports

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Explanation:

4th option is correct.

The balance of trade (BOT) is the difference between a country's imports and its exports for a given time period. The balance of trade is the largest component of the country's balance of payments (BOP). Economists use the BOT as a statistical tool to help them understand the relative strength of a country's economy versus other countries' economies and the flow of trade between nations. The balance of trade is also referred to as the trade balance or the international trade balance.