Balance of trade

Balance of trade is like doing a game of trade with other countries. A country can export (sell) things like cars, food, computers, and other products to other countries. They can also import (buy) things like clothing, furniture, and other products from other countries. The balance of trade is like keeping track of how much was exported (sold) and how much was imported (bought). It has to stay in balance so that the country can make enough money from the exports to buy what it needs from other countries.