The value during a given period of a country's exported goods minus the value of its imported goods is known as the _____

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The value during a given period of a country's exported goods minus the value of its imported goods is known as the merchandise trade balance. This is different from the balance of payments, which includes not just merchandise trade but also service trade, capital flows, and other financial transactions. The current account deficit or surplus specifically refers to the balance of trade plus net income from abroad and net unilateral transfers (such as foreign aid). Foreign direct investment is a type of capital flow but not directly related to the trade balance.

The Value During a Given Period of a Country's Exported