Home / English / What Does Favourable Balance of Trade Refer To? English What Does Favourable Balance of Trade Refer To? Posted on20/01/202120/01/2021 When the value of exports exceeds the value of imports, we call it Favourable Balance of Trade. Related posts: Name the Longest National Waterway of India. Write Any Three Points of Importance of Waterways. Pipeline Transport Network Is a New Arrival on the Transportation Map of India. Explain. Explain Any Five Merits of Air Transport. Describe Any Two Merits of Railways and Any Two Problems Being Faced by the Railways.