Balance of trade of a country is positive when:

If the value of imports is more than the value of a country If the value of exports is more than the value of imports If the volume of imports is more than the value of a country If the volume of exports is more than the value of imports

If the value of exports is more than the value of imports

Balance of trade records the volume of goods and services imported as well as exported by a country to other countries. If the value of imports is more than the value of a country’s exports, the country has negative or unfavourable balance of trade. If the value of exports is more than the value of imports, then the country has a positive or favourable balance of trade.