The difference between the value of a country's merchandise exports and merchandise imports is known as the balance

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The difference between the value of a country's merchandise exports and merchandise imports is known as the balance of merchandise trade. The balance of payments includes not only the balance of merchandise trade but also transactions in services, income, and capital. The current account includes not only merchandise trade but also transactions in services and income, while the capital account includes transactions in financial assets and liabilities.

The Difference Between the Value of a Country's Merchandise Exports