balance 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"

trade balance, trade gap, visible balance

balance - the difference between the totals of the credit and debit sides of an account

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Balance
mercantilism
trade balance

trade gap
visible balance

And that unconsumed surplus, sold abroad, becomes what we call our favorable balance of trade.

The Iron Heel by London, Jack View in context

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