balance of trade

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balance of trade

n.
The difference in value between the total exports and total imports of a nation during a specific period of time.

balance of trade

n
(Economics) economics the difference in value between total exports and total imports of goods. Also called: visible balance Compare invisible balance

bal′ance of trade′


n.
the difference in value between imports and exports, said to be favorable to a country when exports are greater.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.balance of trade - the difference in value over a period of time of a country's imports and exports of merchandisebalance of trade - the difference in value over a period of time of a country's imports and exports of merchandise; "a nation's balance of trade is favorable when its exports exceed its imports"
balance - the difference between the totals of the credit and debit sides of an account
Translations

balance of trade

nbilancia commerciale
References in periodicals archive ?
The two leaders stated their commitment to improving the Korea-United States Free Trade Agreement (KORUS) and to reducing the United States trade deficit with the Republic of Korea and achieving balanced and reciprocal trade between the two countries.
The 30-share S&P Bombay Stock Exchange Sensex opened higher on the back of firm Asian cues following a strong closing on Wall Street on Tuesday after the United States trade deficit fell to its lowest level in four years in November, supporting the view that the outlook for the US economy is improving.
WASHINGTON, June 4 (KUNA) -- The United States trade deficit, the amount by which its imports exceed its exports, increased by 8.

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