The relationship between all imports and exports of a country is known as
Answer Details
The relationship between all imports and exports of a country is known as balance of trade. It is the difference between the total value of a country's imports and exports over a certain period of time. If the value of exports exceeds imports, it is called a trade surplus, while if the value of imports exceeds exports, it is called a trade deficit. The balance of trade is an important indicator of a country's economic health and its ability to compete in international markets.