---
title: Balance Of Trade
description: Balance of trade is defined as the difference between the value of a nation’s imports and exports over a defined period of time.
---

[Realized 1031 Glossary of Terms ](https://www.realized1031.com/glossary)

# [Balance Of Trade](https://www.realized1031.com/glossary/balance-of-trade)

 Written by [The Realized Team](https://www.realized1031.com/glossary/author/the-realized-team) | Jun 22, 2022 5:00:00 AM

Balance of trade is defined as the difference between the value of a nation’s imports and exports over a defined period of time. A country is considered to have a trade deficit if the value of the goods it imports exceeds the value of the goods it exports. A country has a trade surplus when the value of its exports exceeds the value of its imports. A country’s balance of trade is a metric used to quantify the relative strength of that country’s economy.

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