The difference between a country's merchandise exports and its merchandise imports is the

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The difference between a country's merchandise exports and its merchandise imports is known as the balance of trade. This is the value of the goods that a country exports minus the value of the goods that it imports. The balance of trade can be positive (surplus) or negative (deficit), depending on whether a country is exporting more than it is importing, or vice versa.

The Difference Between a Country's Merchandise Exports and Its Merchandise