When a country imports more than it exports, it has a favourable balance of trade.

Name: When a country imports more than it exports, it has a favourable balance of trade.
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When a country imports more than it exports, it has an unfavorable balance of trade, also known as a trade deficit. When a country exports more than it imports, it has a favorable balance of trade, also known as a trade surplus.

When a Country Imports More Than It Exports, It Has