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Balance of Trade (BOT)

BOT considers the trade transactions of a country only in terms of goods. BOT is also known as merchandise balance. There are three types of BOT.
  • Favourable BOT: Total value of export of goods > Total value of import of goods
  • Unfavourable BOT: Total value of import of goods > Total value of export of goods
  • Balanced BOT: Total value of export of goods = Total value of import of goods




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