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Balance of Trade

Name: Balance of Trade
Creator: TipRanks

The Balance of Trade in Australia measures the difference between the value of its exports and imports of goods and services. It is a crucial indicator of economic health, reflecting the country's trade competitiveness and influencing the Australian dollar's strength. A trade surplus can boost economic growth and currency value, while a deficit might indicate economic challenges. For Australia, a resource-rich nation, fluctuations in commodity prices significantly impact the Balance of Trade, affecting financial markets and policy decisions.