### Category Gunselman69186

Balance of trade The balance of trade (B.O.T) is defined as the value of exports minus the value of imports. The balance of trade is also known as the "trade balance". Balance of trade formula Consider an economy which only imports and exports one good. A country's trade balance is the calculation of its exports minus its imports. A balance of trade surplus happens when the value of all exports exceeds the value of all imports. A balance of trade deficit is when the value of all imports exceeds the value of all exports.

## External merchandise trade in Macao is classified into: Imports - Foreign produced commodities entered into Macao, excluding re-imports and transit goods.

### In each pair of global entities, there will be one with a surplus and one with a deficit. The way to calculate this balance of trade is to take the total value of all imports

In each pair of global entities, there will be one with a surplus and one with a deficit. The way to calculate this balance of trade is to take the total value of all imports and subtract the total value of all exports between the two countries, or between one country and the rest of the world. Step 9. The merchandise trade balance is the difference between exports of goods and imports of goods—the first number under Balance. Step 10. Now sum up your columns for Exports, Imports, and Balance. The final balance number is the current account balance. The merchandise balance of trade is the difference between exports and imports. Balance of Trade formula = Country’s Exports – Country’s Imports. For the balance of trade examples, if the USA imported \$1.8 trillion in 2016, but exported \$1.2 trillion to other countries, then the USA had a trade balance of -\$600 billion, or a \$600 billion trade deficit. Step by Step Calculation of Balance of Payments (BOP) The formula for the calculation of Balance of Payments is calculated in the following four steps-Step 1: Firstly, the balance of the current account is determined which is the summation of the credits and debits on various merchandise trade. The current account deals with goods, which may