The difference in value between a country's imports and exports is called its balance of payments.

Name: The difference in value between a country's imports and exports is called its balance of payments.
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The difference in value between a country's imports and exports is called its trade balance or balance of trade, not its balance of payments. The balance of payments includes all financial transactions between a country and the rest of the world, not just trade in goods and services.

The Difference in Value Between a Country's Imports and Exports