KnowraBalance of tradeLinked fromLinked fromThe 5 pages that link to Balance of trade, each with the reason it gives.All 5Broader topic 1Related 2Compared with 2International tradeRelated: It records whether goods trade produces a surplus or deficit.MercantilismRelated: Mercantilists sought export surpluses to draw wealth into the state.Balance of paymentsBroader topic: The goods-trade balance is one component, not the whole external accounts record.Trade liberalizationCompared with: Trade liberalization affects flows of goods, but does not by itself guarantee a surplus or deficit.Terms of tradeCompared with: Unlike the price ratio, it measures trade values rather than relative prices.